Walgreens - Marion, OH_Property for Sale
Walgreens - Marion, OH_Property for Sale
1321 Delaware Ave, Marion, OH, 43302, US

Walgreens - Marion, OH

Asset Description

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 - bill.poffenberger@jll.com - License # OH - 352247

...

Attributes

Asking Price
SEK 50,500,000
Building area Gross
1,377 m²
Occupancy
100.00%
Year built
2007
Land area Gross
0.80 ha (7,972 m²)
Cap Rate
5.90%
NOI
SEK 2,981,000

Media

Investment Highlights

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

Walgreens - Marion, OH 4_Property for Sale

Contact brokers

Walgreens - Marion, OH (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
15 Sep 2023