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Browse More Listings in Retail For Sale, Twinsburg, OH or Ohio

Retail Property For Sale

Twinsburg Walgreen's Shopping Center

9403 Darrow Road, Twinsburg, OH 44087

Walgreens, TFSL, and parcel not included

Price:
$5,693,000
Building Size:
19,505 SF
Price/SF:
$291.87
Property Type:
Retail
Property Sub-type:
Retail (Other)
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2%
Cap Rate:
7.75%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1999
Find Out More...

Last Verified 10/27/2009 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 a single tenant retail parcel that is not included in this offering. 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.

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$445,104
Operating Expenses
$3,901
Net Operating Income
$441,203

Tenant	SF Occupied	Lease Expired
Walgreen Company	13,905	8/1/2039
Third Federal Savings & Loan Bank	5,600	8/1/2019

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

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Presented by

Prime Net Realty Advisors

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Contact Listing Broker

Leith Swanson (858) 259-7737

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Created 6/15/2009

Additional Information for 9403 Darrow Road, Twinsburg, OH 44087

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Twinsburg Walgreen's Shopping Center

9403 Darrow Road, Twinsburg, OH, 44087