318 W Prospect Rd | Ashtabula, OH 44004
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318 W Prospect Rd
Ashtabula, OH 44004
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute-Net Lease: New 13-Year Lease with Twelve, 5-Year Options to Extend. Rent Increases Include 5% in Year 6 & 11 as well as 5% Increases in Opts
- Infill, Affluent Cleveland Submarket: In a 5-Mile Radius the Population Exceeds ±54,713 & Households ±22,173
- Corporate Guarantee: The Lease is Guaranteed by Walgreens (Walgreens Boots Alliance Inc., NYSE: WBA) which has an S&P Investment Grade Credit Rating
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,924 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.82 AC
Zoning
commercial
Parking
45 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 052120003600 | Improvements Assessment | $293,060 |
| Land Assessment | $125,090 | Total Assessment | $418,150 |
PROPERTY TAXES
Parcel Number
052120003600
Land Assessment
$125,090
Improvements Assessment
$293,060
Total Assessment
$418,150
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