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Mansfield, OH - Walgreens (Subleased to Family Dollar)

$4,471,000

1380 Lexington Ave, Mansfield, OH 44907

Active
Last Updated: 01/14/2026

8.5

Cap Rate

380,004

NOI

Details:
Cap Rate:    8.5%
NOI:    $380,004
Building Size:    14,498 sqft
Lot Area:    1.32 acres
Occupancy:    100%
Year Built:    2004
Zoning:    B-2 General Business
Description:

• Walgreens Corporate signed lease
• 4+ years of initial term remaining
• The asset is located at the signalized, hard corner intersection of Lexington Ave and S Trimble Rd, providing the site with excellent visibility and multiple points of access
• Lexington Ave and S Trimble Rd combine to average over 27,200 vehicles passing by daily

• The subject property is located directly across from Appleseed Center, a Kroger anchored center with other national/credit tenants including Ollie’s Bargain Outlet, Dollar Tree, McDonald’s, Starbucks, Panera Bread, and more
• The Kroger is ranked in the 92nd percentile nationwide for annual visits per placer.ai
• Located in the center of a dense retail corridor with other national/credit tenants such as CVS, Wendy’s, Taco Bell, Pizza Hut, AutoZone, UPS, Chase Bank, and many others

Map:
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