Historical Retail Sale Listing - Walgreens

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Walgreens

4071 Lee Rd, Cleveland, OH 44128

N/A

14,490 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
14,490 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
6.50%
Occupancy:
100%
Tenancy:
Single
Lot Size:
20,000 SF
Listing ID
17990318
Last Updated
over 1 year ago

Highlights

  • Corporate guaranteed lease

Description

The subject property is a 14,490 SF building under a NN Lease to Walgreens. Walgreens trade symbol WAG NYSE is the
nation's largest drugstore chain with fiscal 2011 sales of $72 billion. The
company operates 7,818 drugstores in all 50 states, the District of
Columbia and Puerto Rico. Each day, Walgreens provides nearly 6 million
customers the most convenient, multichannel access to consumer goods
and services and trusted, cost-effective pharmacy, health and wellness
services and advice in communities across America. Walgreens scope of
pharmacy services includes retail, specialty, infusion, medical facility,
long-term care and mail service, along with pharmacy benefit solutions and
respiratory services.

The subject property is located on an out parcel of the Dave' s Supermarket
anchored shopping center on Lee Road (19,247 VPD) and Harvard Ave
(21,582 VPD). The Lee-Harvard Shopping Center was recently
re-developed and includes tenants such as O' Reilly' s, Family Dollar, Radio
Shack, Payless Shoes, Foot Action, H&R Block, Kids Spot, Subway and
Fashion Cents. Additional area tenants include McDonalds, PNC Bank,
Fifth Third Bank, Charter One, Burger King, Taco Bell, Shell, BP, and Little
Caesars Pizza.

Map of 4071 Lee Rd, Cleveland, OH 44128 (Cuyahoga County)

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Created 1/21/2013