Walgreens E Broad
$6,050,000
6201 E Broad St, Columbus, OH 43213
14,618 sqft
Building Size
1.34 acres
Lot Area
Details:
Highlights:
- Fully Leased Retail Investment
- Current Lease Through July 2032 with Extensions
- Zero Landlord Responsibilities
- ±14,820 SF on 1.80 Acres
- Corporate-Guaranteed Walgreens Lease
- Just East of Mount Carmel Hospital
- Drive-Thru & Ample Parking
- Prominent Pylon & Building Signage
- 235,000+ Residents in Established Trade Area with Strong Household Incomes
- Reported Sales Growth Supporting Long-Term Viability
- Walgreens’ Palantir Partnership Supports Operational Efficiency
- Surrounded by Strong Retail and Residential Growth
Description:
Walgreens at 6201 E. Broad Street presents an opportunity to acquire a single-tenant, net-lease retail investment in Columbus, Ohio.
Offered at $6,050,000, the investment provides a 7.01% going-in cap rate. Walgreens is responsible for a broad range of property-level obligations, including real estate taxes, utilities, building repair and maintenance, parking and common-area maintenance, drive-through maintenance, drainage and detention facilities, insurance, and certain declaration-related access and lighting obligations, all subject to the lease documents.
Single-tenant, corporate-guaranteed Walgreens on an absolute NNN lease at a high-visibility, signalized hard corner along East Broad Street in the growing Columbus MSA. The 14,820 SF 2007 prototype on 1.80 acres serves a dense, affluent trade area of more than 235,000 residents and benefits from strong sales.
6201 E Broad Street is strategically positioned on the southwest corner of E Broad Street and McNaughten Road, a highly trafficked, signalized intersection in East Columbus. Neighboring Mt Carmel East Hospital anchors this trade area all the way to I-270.The site enjoys strong visibility and convenient ingress/egress for daily commuters and neighborhood shoppers, with approximately 410 feet of frontage on E Broad Street and 511 feet on McNaughten Road. The property is surrounded by established residential neighborhoods and complementary retail, serving a trade area of more than 235,000 residents with attractive average household incomes exceeding 93,000 dollars within one mile and 114,000 dollars within three miles. Located within the Columbus MSA. One of the fastest-growing metros in the Midwest and this store benefits from continued population growth, stable employment drivers, and strong healthcare demand.
Documents:
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Location
Gallery
