NE Ohio Walgreens Limited Competition 32K VPD 1000 W Park Ave 13,760 SF Retail Building Mansfield, OH 44906 $3,181,855 ($231.24/SF) 11% Cap Rate

We are pleased to present for sale the Walgreens property located at 1000 Park Avenue West, Mansfield, OH 44906 (the “Property”). Walgreens has operated at this location for over 19 years and currently has over 5 years of firm lease term remaining. The lease is structured as an absolute triple net (NNN) lease, with no landlord responsibilities.
The Property is located along the corner of Park Avenue West and Trimble Road, a commercial corridor with a combined average daily traffic count of approximately 32,474 vehicles. It is adjacent to Mansfield Senior High School and near residential neighborhoods and municipal buildings. There are no other Walgreens or CVS stores within a 32-mile radius, with the nearest direct competitor being a Rite Aid nearby. The site is located near downtown Mansfield, where the city is implementing a streetscape and infrastructure revitalization plan focused on improving traffic flow and accessibility in the central business district.
Mansfield’s employment base includes a mix of manufacturing, healthcare, education, and public sector services. Notable employers include AK Steel, Newman Technology, Ideal Electric, The Gorman-Rupp Company, Therm-O-Disc, and StarTek. The healthcare sector is led by OhioHealth, the region’s trauma center and largest employer, and Avita Health System, which operates medical facilities in the area. Local higher education institutions include Ohio State University at Mansfield, North Central State College, and Ashland University’s Dwight Schar College of Nursing & Health Sciences.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, OH DRE Lic. BRK.2009000214