Walgreens

57 West Main Street, Amelia, OH 45102

$5,747,800

Cap Rate 5.85%

Views: 107 Updated: 01.18.24 Posted: 01.16.23 Status: Inactive

Summary

Price $5,747,800	Built/Renov 2003	Tenant Walgreens
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 14,560	Lease Start 07-01-2003	#Units 8,896
Price/SF $394.77	Expiration 06-30-2028	Tenant Type Pharmacy
NOI $336,251	R. Term 3.9	Ownership Fee Simple
Rent/SF $23.09	Increases 0.0%/0/yrs	Pop 5Mi 63,496
Lot/AC 2.00	Options 5/10yrs	AHHI 5Mi $79,526

Lease Highlights

Walgreens has been operating at this location since 2003
Tenant has 5 years remaining in current term with 5 (10-year) options to extend
Absolute NNN lease features zero landlord responsibilities
Corporate guarantee by Walgreens Boots Alliance (S&P: BBB)

Location Description

This Walgreens is conveniently located along Ohio Pike 125 at a signalized, hard corner intersection with excellent visibility. The site benefits from a traffic count of 29,900 VPD, a population in excess of 61,000 within a 5-mile radius, and an AHHI of $80,517. There are existing plans for a proposed 12 acre assisted living complex, as well as a 33 acre development nearby, proving significant...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Highway location
New development zone
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Walgreens Wikipedia Walgreens Wikipedia Ameila, Ohio Zip Code 45102 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walgreens
Guarantor:Corp T and Rated
Company:Walgreens Boots Alliance
# Units:8,896
Tenant S&P: BBB
Moody’s: Baa3
Stock: NASDAQ: WBA

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,005	30,517	67,938
2023 Total Population :	7,876	30,107	66,731
2023 Employed Civilian Pop :	4,073	15,414	33,763
2023 Total Businesses :	131	618	1,471
2023 Average Household Income :	$ 87,830	$ 95,025	$ 96,494
2023 Total Consumer Spending :	$ 245 M	$ 960 M	$ 2246 M
2023 Median Age :	37	38	38
2023 Total Households :	3,230	11,747	26,976
2023 Pop Age 25+: Bachelor's Degree :	873	3,964	8,465
2023 Average Home Value :	$ 228,585	$ 253,285	$ 261,202

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
West Main Street	Oak St	2021	25,182	0.11 mi
Main St		2011	29,900	0.20 mi
Oak St	W Main St	2001	2,651	0.20 mi
E Main St	Yorkshire Townhouses	2014	23,254	0.58 mi
West Main Street	Ohio Pike	2021	28,892	0.66 mi
Amelia Olive Branch Rd		2003	6,080	0.76 mi
Chapel Rd	Amelia PkDr	2011	2,651	0.77 mi
Cole Rd	McCormick Ln	2000	1,100	0.85 mi
Lewis Rd	Naegele Ln	2004	1,311	0.91 mi
E Ohio Pike	State Rte132	2018	20,534	1.04 mi

Listing Broker

Brandon Hanna

ENCORE Real Estate Investment Services

Contact

38 Listings
4768 Views
9 Sold

Deno Bistolarides

ENCORE Real Estate Investment Services

Contact

79 Listings
7592 Views
29 Sold

Brandon Hanna

Brandon Hanna is a founding member and Managing Partner of Encore Real Estate Investment Services. Alongside his partners Deno Bistolarides and Ryan Vinco, Brandon oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. Throughout his investment brokerage career, Brandon has broken price per square foot records and cap rate records in nearly every market whic

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Deno Bistolarides

Deno Bistolarides is a founding member and Managing Partner of Encore Real Estate Investment Services. Along with his partners Brandon Hanna and Ryan Vinco, Deno oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. In his career, which has spanned over a decade, Deno has advised private clients, developers, institutions and has completed over 400 transacti

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