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Industrial Hub | ±7 Years Remaining 403 S Main St 14,726 SF Retail Building Bryan, OH 43506 $3,499,999 ($237.67/SF) 10% Cap Rate



INVESTMENT HIGHLIGHTS
- The city operates 2 industrial parks (168 acres. Approximately 2.1 million sf of manufacturing/industrial space in a 2 mile radius.
- Walgreens firm lease term runs through July 31, 2032 before their first cancellation option (NNN lease).
- Spangler Candy Company (±500 Employees) and Bard Manufacturing (±200 Employees) have both called Bryan home since the 1900s.
- This is the only Walgreens serving the city of Bryan with the next nearest Walgreens property being approximately 15 miles away.
EXECUTIVE SUMMARY
We are pleased to offer for sale the Walgreens property located at 403 South Main Street, Bryan, OH 43506 (the “Property”). The lease is structured as an absolute triple-net (NNN) with no landlord responsibilities and Walgreens first option to cancel the lease is July 31, 2032.
The Property is situated near West High Street, a primary commercial corridor in Bryan with direct access to U.S. Route 6 and proximity to the city’s industrial zones. Bryan operates two industrial parks totaling 168 acres, and there is approximately 2.1 million square feet of manufacturing and industrial space within a two-mile radius of the Property. This concentration of industrial activity supports consistent daytime traffic and a stable employment base.
Bryan is home to the headquarters of Spangler Candy Company and Bard Manufacturing, both of which have operated in the city since the early 1900s. Spangler employs approximately 500 people and is known nationally for its Dum Dums and candy canes, while Bard employs around 200 and specializes in HVAC systems for commercial and institutional use. These companies contribute significantly to the local economy and reinforce the city’s industrial identity.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, OH DRE Lic. BRK.2009000214.
The Property is situated near West High Street, a primary commercial corridor in Bryan with direct access to U.S. Route 6 and proximity to the city’s industrial zones. Bryan operates two industrial parks totaling 168 acres, and there is approximately 2.1 million square feet of manufacturing and industrial space within a two-mile radius of the Property. This concentration of industrial activity supports consistent daytime traffic and a stable employment base.
Bryan is home to the headquarters of Spangler Candy Company and Bard Manufacturing, both of which have operated in the city since the early 1900s. Spangler employs approximately 500 people and is known nationally for its Dum Dums and candy canes, while Bard employs around 200 and specializes in HVAC systems for commercial and institutional use. These companies contribute significantly to the local economy and reinforce the city’s industrial identity.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, OH DRE Lic. BRK.2009000214.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,726 SF
Building Class
B
Year Built
2004
Price
$3,499,999
Price Per SF
$237.67
Cap Rate
10%
NOI
$349,999
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.89 AC
Opportunity Zone
Yes
Parking
54 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 063-200-07-002.000 | Improvements Assessment | $351,440 |
| Land Assessment | $67,550 | Total Assessment | $418,990 |
PROPERTY TAXES
Parcel Number
063-200-07-002.000
Land Assessment
$67,550
Improvements Assessment
$351,440
Total Assessment
$418,990
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Industrial Hub | ±7 Years Remaining | 403 S Main St
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