2300 Reynoldsburg Baltimore Rd
Reynoldsburg, OH 43068
Walgreens | 12.5 Yr l 6.65% CAP | Abs Net · Retail Property For Sale

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Walgreens in Reynoldsburg, OH in the Columbus MSA. This drive-thru pharmacy has approximately 12.5 years left on the initial term of an absolute net lease with ten (5-year) options to follow. Next option begins January 1,2030. The subject property is surrounded by an exceptional retail corridor with approximately 1,895,580 square feet of retail space. It is an outparcel to Taylor Square, a 210-acre mixed-use development with more than 575,000 square feet of retail space anchored by Walmart. Average household income within a 3 mile radius is over $75,000 with population counts of over 83,000 residents and an average age of 36.60. Subject property is located on the northeast corner of State Route 256 (±22,660 vehicles per day) and Taylor Road Southwest (±38,183 vehicles per day). This corner is heavily traveled due to the large number of retail stores in the immediate area and its proximity to Interstate 70 (±95,550 vehicles per day). The subject property is located within the top retail corridor off Interstate 70 East of Columbus which has total retail expenditures of $1.88 Billion within its 5 mile trade area radius. This retail corridor serves more than 34,338 rooftops in a 3 mile radius and 77,992 in a 5 mile radius and each household in a five mile radius has over $2,000 in retail expenditures per month. The retail corridor serves as the main retail destination to residents on the eastern limits of the Columbus MSA. The subject property is located approximately 11 miles southeast of downtown Columbus and roughly 6 miles southeast of the John Glenn Columbus International Airport which provides 140 non-stop flights to 34 airports via 6 airlines daily. Within a half mile west and south of subject property are two golf courses. The Blacklick Woods Metro Golf (west) and the Turnberry Golfcourse (south). These two golf courses are the only golf courses in Reynoldsburg.