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Walgreens

$3,918,000

95 W Garfield Rd, Aurora, OH 44202

Active
Last Updated: 10/31/2025

7.4

Cap Rate

289,800

NOI

Details:
Cap Rate:    7.4%
NOI:    $289,800
Building Size:    14,490 sqft
Lot Area:    1.55 acres
Year Built:    2006
Floors:    1
Highlights:
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Average Return over the next nine years of 7.81%
  • Walgreens early extension demonstrates long-term commitment to this location
  • High-performing Walgreens location – inquire with broker for details
  • Proven Location: Walgreens has successfully operated out of this location since 2007 | +17 Years
  • Extremely High Income Suburb With Average Household Incomes of +$155K in a 5-Mile Radius
  • Prime suburban location between Akron and Cleveland, within 30 minutes of downtown Cleveland and 35 minutes of downtown Akron
  • Positioned at the Signalized Intersection of S Aurora Rd and W Garfield Rd | Total Traffic Counts of +23,375
  • Built-in rent escalations: 5% increases every five years
  • Excellent accessibility with multiple points of ingress/egress and ample parking
  • Situated within a Retail Corridor and Surrounded by National Retailers Including Starbucks, McDonald's, Dollar Tree, Dunkin', Subway, and Wendy's
Description:

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Aurora, Ohio, is a picturesque city in Portage County known for its scenic charm and quality of life. With a population of over 17,000 as of the 2020 census, Aurora combines small-town character with access to the amenities of larger metropolitan areas.

The city occupies about 24 square miles, of which just over one square mile is water, giving it a balanced mix of land and natural features. Aurora’s rolling terrain and tree-lined neighborhoods contribute to its inviting, peaceful atmosphere. It has been designated a “Tree City USA,” reflecting the community’s commitment to preserving and enhancing its green spaces.

Aurora’s history is grounded in early American settlement, with its founding dating back to 1799. Over time, it has grown thoughtfully, maintaining a strong sense of heritage while evolving into a thriving modern city. Its historic district at the city center showcases its architectural and cultural legacy, offering residents and visitors a connection to the past.

Recreation and leisure are prominent in Aurora’s community life. The city supports well-regarded private country clubs, and its landscape has lent itself to golf courses that highlight natural features like the Chagrin River winding through the terrain. The former Aurora Golf and Country Club property has been repurposed into the Paddock River Preserve, providing a preserved natural area for community enjoyment.

Education in Aurora is a key strength. The Aurora City School District serves the community across multiple elementary schools, a middle school, and a high school. Aurora High School is recognized for its academic excellence, with high rates of advanced placement participation and a favorable student-teacher ratio. The city also hosts a branch of the Portage County District Library, supporting lifelong learning and community engagement.

Aurora is home—or has ties—to several notable individuals from various walks of life, adding to its cultural richness. With its combination of natural beauty, community pride, quality education, and historic presence, Aurora stands out as a warm and welcoming city with a refined balance of past and present.

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