Walgreens E Broad

Investment Overview

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.

Investment 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