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Walgreens (Subleased to Family Dollar) 1380 Lexington Ave 14,498 SF Retail Building Mansfield, OH 44907 $4,471,000 ($308.39/SF) 8.50% Cap Rate
Investment Highlights
- Corporate Signed Lease | Signalized, Hard Corner Intersection | Excellent Visibility & Access | Drive-Thru Equipped
- Appleseed Center | Top-Ranked Kroger | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
• Walgreens Corporate signed lease
• 4+ years of initial term remaining
• The asset is located at the signalized, hard corner intersection of Lexington Ave and S Trimble Rd, providing the site with excellent visibility and multiple points of access
• Lexington Ave and S Trimble Rd combine to average over 27,200 vehicles passing by daily
• 4+ years of initial term remaining
• The asset is located at the signalized, hard corner intersection of Lexington Ave and S Trimble Rd, providing the site with excellent visibility and multiple points of access
• Lexington Ave and S Trimble Rd combine to average over 27,200 vehicles passing by daily
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,498 SF
Building Class
B
Year Built
2004
Price
$4,471,000
Price Per SF
$308.39
Cap Rate
8.50%
NOI
$380,004
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.32 AC
Zoning
B-2 - General Business
Parking
57 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 056-92-195-06-000 | Improvements Assessment | $483,410 |
| Land Assessment | $266,320 | Total Assessment | $749,730 |
Property Taxes
Parcel Number
056-92-195-06-000
Land Assessment
$266,320
Improvements Assessment
$483,410
Total Assessment
$749,730
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Walgreens (Subleased to Family Dollar) | 1380 Lexington Ave
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