This Retail Property is Off-Market.

4071 Lee Rd
Cleveland, OH 44128 ·

14,490 SF · Retail For Sale

N/A

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Walgreens

Price N/A Cap Rate 6.50%
Building Size 14,490 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Lot Size 20,000 SF
Property Use Type Net Lease Investment with 9 years left on lease
Listing ID: 17990318 Date Created: 01/21/2013 Last Updated: 04/09/2013

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.

Highlights

  • Corporate guaranteed lease

Research

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

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