Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a single tenant Walgreens (the “Property” or “Asset”) offering in Marion, OH. The Property is optimally situated on a 2-acre corner parcel with exposure to more than 25,000 VPD. The surrounding is comprised of significant commercial activity. Directly across the street is Marion Shopping Centre as well as a top performing Kroger grocery store which attracts more than 1.2 million visits annually. OhioHealth Marion General Hospital, a 250-bed level 1 trauma facility, is located two blocks from the Asset. This is the only Walgreens within a 20-mile radius, fulfilling a high consumer demand to the community. The city of Marion is a city of 36,000 residents approximately 45-miles north of Columbus rich in agricultural resources and is currently experiencing a renaissance of new developments and projects within the community.
Upon close of escrow, Walgreens will execute a 15-year Absolute NNN lease with contractual increases and (12) 5-year renewal options. This Asset provides an opportunity to acquire a long-term cash flow guaranteed by Walgreens Corporate with zero landlord responsibilities.
Broker of Record: Bill Poffenberger - firstname.lastname@example.org - License # OH - 352247
Investment-grade tenant (S&P: BBB)
Brand-new, 15-year Absolute NNN lease with no landlord obligations & 12, 5-year renewal options
High demand location - only Walgreens in a 20-mile radius, fulfilling high demand for community members
Hard-Corner Location on Delaware Ave and Barks Rd E with exposure to over 25,000 VPD
Strong Retail corridor as the property sits across the street from Marion Centre Mall and a Kroger grocery store
Two blocks away from OhioHealth Marion General Hospital, a 250-bed level 1 trauma facility