For Sale
$4,046,243

403 Main St Bryan, OH 43506

High-yield, corporate-guaranteed Walgreens.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 14,820-square-foot Walgreens located at 403 S Main St, Bryan, OH 43506. The property sits on a 1.93-acre lot in a prime downtown location, experiencing high traffic volume of 10,987 vehicles per day. This absolute NNN lease boasts a corporate guarantee from Walgreens (NASDAQ:WBA), minimizing landlord responsibilities. The current lease, commencing July 31, 2007, and expiring July 30, 2032, has a remaining term of 7.7 years. The lease includes fifty one-year renewal options, providing significant long-term stability. The property's strong financial performance is reflected in its $350,000 net operating income (NOI) and an 8.65% cap rate. The asking price is $4,046,243, translating to a price per square foot of $273.03. This Walgreens is surrounded by complementary businesses and restaurants, further enhancing its value and potential for continued success. The property offers a compelling combination of secure income, minimal management, and significant long-term growth potential. This is a rare opportunity to acquire a well-established, high-performing Walgreens in a desirable location.

Highlights

  • Long-Term Net Lease Opportunity
  • Low Landlord Responsibilities
  • Corporate Guarantee from Walgreens Boots Alliance (NASDAQ: WBA)
  • Excellent Downtown Bryan Location, High Traffic Count (10,987 VPD)
  • Strong Retail Co-Tenancy

Property Details for 403 Main St

Property type
Retail properties, Drug stores
Square Feet
14,820 SF
Lot Size (sq. ft)
84,071 SF

Location Insight

City
Bryan
County
Williams
State
Ohio
Latitude
41.4704604
Longitude
-84.5502821

FAQs

What type of property is this?
Retail property - High-yield, corporate-guaranteed Walgreens.
Where is the retail property located?
The property is located at 403 Main St Bryan, OH.
What is the asking price?
The asking price for this property is $4,046,243.
What are key features of this property?
This property features: Long-Term Net Lease Opportunity; Low Landlord Responsibilities; Corporate Guarantee from Walgreens Boots Alliance (NASDAQ: WBA)
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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403 Main St
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