Overview

Description

Walgreens is located at the signalized, hard corner intersection of Turney Rd and McCracken, averaging a combined 27,700 vehicles passing by daily. The asset benefits from nearby on/off ramp access to Interstate 480 (148,900 VPD), the primary commuter thoroughfare traveling throughout Garfeild Heights. In addition, the subject property is within close proximity to a variety of national/credit tenants including The Home Depot, Rite Aid, Aldi, SaveA-Lot, Giant Eagle, Planet Fitness, Family Dollar, Dollar Tree, and more, increasing consumer draw to the immediate trade area. Moreover, Walgreens is located just 1 mile west of Cleveland Clinic - Marymount Hospital, a 315-registered bed acute care hospital, serving communities in southern and southeastern Cuyahoga County

The 26-acre hospital campus includes a medical office building, a behavioral health center, the Critical Care Tower, and a state-of-the-art Surgery Center. The property is surrounded by several housing communities including The Village at Marymount, Saxony (202 units), Ridgeview (113 units), and Granger Court (65 units), providing the pharmacy with a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 207,000 residents and 133,500 daytime employees with an average household income of $60,000.

The City of Garfield Heights had a population of 27,687 as of July 1, 2018. The city is located within easy access to Cleveland Hopkins Airport, downtown Cleveland and Interstates 480, 77, 71, 90, and 271.

The City of Garfield Heights is rich in educational, cultural, and religious traditions. It is an ideal community where residents enjoy the friendliness and concern typical of smalltown living, yet experience conveniences usually found in larger metropolitan cities.

The nearest colleges and universities are John Carroll University, Cleveland State University, Baldwin - Wallace College and Case Western Reserve University. Cuyahoga County Airport is just a few minutes’ drive away from the city.

Cuyahoga County is a county located in the U.S. state of Ohio. As of the 2019 United States Census estimates, the population was 1,235,072, making it the second-most populous county in the state. Its county seat is Cleveland. The county is named after the Iroquoian word Cuyahoga, which means ‘crooked river’. The name is also assigned to the Cuyahoga River, which bisects the county. Cuyahoga County is included in the ClevelandElyria, OH Metropolitan Statistical Area. Former U.S. President James A. Garfield was born in what was Cuyahoga County’s Orange Township

Highlights

• COVID Resistant Tenant - Essential Business
• Absolute Net Lease | Zero Landlord Responsibilities
• Prototypical Free Standing Drug Store with Drive-Thru
• Signalized Hard Corner Location With Excellent Visibility
• In Close Proximity to Cleveland Clinic - Marymount Hospital (315 Beds)
• Preferred Walgreens Lease Structure With (5) Ten Year Option Periods
• Corporate Back Guarantee | Walgreens Boots Alliance S&P “BBB”
• Over Nine Years Remaining on Original 25 Year Lease
• Three Mile Average Household Income: $80,517
• Five Mile Population Exceeds: 200,000

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