Receiver Sale: Dark Walgreens | Huntington–Ashland MSA | 14.5K VPD

Highlights:

• Passive Income Stream: Absolute NNN lease through May 2030 offers zero landlord responsibilities and stable cash flow of nearly $198K annually.
• Prime Retail Corridor: Located on Ironton’s main commercial artery with 14,500 VPD, adjacent to Ironton Hills Shopping Center and surrounded by national tenants.
• Healthcare Synergy: Within one mile of Bellefonte Hospital, driving consistent traffic from patients, staff, and visitors—ideal for pharmacy or medical-related use.
• Regional Economic Anchor: Ironton is the county seat and part of a tri-state metro area of 360,000+, supported by healthcare, education, and service industries.
• Future Upside: Lease expiration in 4.5 years presents a clear path to re-tenanting or renegotiating at market rates, unlocking long-term value.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2891/receiver-sale-dark-walgreens-huntington-ashland-msa-14.5k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2891

Jones Lang LaSalle Americas, Inc. (“JLL”), in conjunction with RI Marketplace, is pleased to present for sale the Walgreens Pharmacy located at 715 Park Avenue in Ironton, OH (the “Property” or “Asset”). This offering provides an investor with the opportunity to acquire a property with a secure, passive income stream backed by a national tenant. The asset is strategically positioned on a 1.3-acre parcel along Ironton’s primary commercial thoroughfare, which boasts exceptional visibility and exposure to over 14,500 vehicles per day.

The Property is situated within a dense and active retail corridor, surrounded by national tenants including Wendy’s and McDonald’s, and is adjacent to the Ironton Hills Shopping Center. The location benefits significantly from its proximity to major regional healthcare drivers, with Bellefonte Hospital within a one-mile radius, across the river. This creates a powerful synergy for the pharmacy, driving consistent and needs-based traffic to the site from a wide demographic of patients, employees, and visitors.

As the county seat of Lawrence County, Ironton serves as a critical commercial and administrative hub on the Ohio River. The city is a key component of the Huntington-Ashland, WV-KY-OH Metropolitan Statistical Area, connecting it to a larger tri-state economic region of over 360,000 people. This integration provides a resilient economic foundation supported by a diverse base of healthcare, education, and service industries.

The absolute NNN lease provides a completely passive investment with zero landlord responsibilities, expiring on May 31, 2030. This offering represents a compelling opportunity to acquire a secure cash flow stream for roughly 4.5 years, culminating in a clear opportunity for the next owner to control the asset and either renegotiate with Walgreens or re-tenant the property at market rates

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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