Historical Retail Sale Listing - Twinsburg Walgreen's Shopping Center

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Twinsburg Walgreen's Shopping Center

9403 Darrow Road, Twinsburg, OH 44087

Walgreens, TFSL, and parcel not included

Walgreens, TFSL, and parcel not included

  • N/A
  • 19,505 SF
  • Retail
  • Retail (Other)
  • Net Lease Investment with 9 years left on lease
  • 2%
  • 7.75%
  • 100%
  • 1
  • Multiple
  • 1999
Last Verified  10/27/2010 Listing ID  16279768

Highlights

  • Walgreen's is an S&P "A+" rated tenant
  • TFS Financial Corporation, NASDAQ "TFSL", has assets of $10.9 billion and stockholder's equity of $1.8 billion.
  • Third Federal Savings and Loan Bank rent increases $1,400 each year for ten years.
  • Twinsburg was ranked one of Money Magazine's "100 Best Places to Live in the Nation" in 2007.
  • Twinsburg has a median household income of $86,903.
  • Twinsburg is located approximately 21 miles from downtown Cleveland and 18 miles from downtown Akron.

Description

The subject property is a one-story building, located in the heart of downtown Twinsburg, and surrounded by the confluence of three roads, Darrow Road (State Route 91), Ravenna Road (State Route 14), and Aurora Road (State Route 82), forming a triangle.


Located within the same triangular site, and adjoining the subject property improvements, is an adjacent single tenant retail parcel that is not included in this offering. The tenant that occupies the improvements on this adjacent parcel pays CAM to the landlord of the subject property on a prorata basis.

In addition to roof and structure, the landlord is responsible for painting, tuckpointing and cleaning, and structural portions of the entrance ways to the leased premises and to all utilities.

Walgreen's has a first right of refusal purchase option.

In 2007 the city of Twinsburg was ranked one of Money Magazine' s 100 Best Places to Live in the Nation and as one of Cleveland Magazine' s Best Suburbs . Twinsburg has a median household income of $86,903 and is located approximately 21 miles from downtown Cleveland and 18 miles from downtown Akron.

Map of 9403 Darrow Road, Twinsburg, OH 44087 (Summit County)

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Created 6/15/2009

Additional Information for 9403 Darrow Road, Twinsburg, OH 44087