1000 W Park Ave - Drug Store FOR SALE


Mansfield, OH 44906
$3,181,855 USD
619-297-0055
1000 W Park Ave, Mansfield, OH for Sale
$3,181,855 USD
Drug Store - FOR SALE
1/2
null | 11% Cap Rate

1000 W Park Ave
Mansfield, OH 44906


HIGHLIGHTS

  • Located on the signalized corner of North Trimble Road and Park Avenue West with a combined traffic count of 32,474 VPD.
  • The next closest Walgreens and CVS are more than 32 miles away.
  • Located near Mansfield Senior High School, which enrolls approximately 825 students.
  • The City of Mansfield is executing a phased streetscape and traffic flow improvement project in the downtown area.

OVERVIEW

We are pleased to present for sale the Walgreens property located at 1000 Park Avenue West, Mansfield, OH 44906 (the “Property”). Walgreens has operated at this location for over 19 years and currently has over 5 years of firm lease term remaining. The lease is structured as an absolute triple net (NNN) lease, with no landlord responsibilities. The Property is located along the corner of Park Avenue West and Trimble Road, a commercial corridor with a combined average daily traffic count of approximately 32,474 vehicles. It is adjacent to Mansfield Senior High School and near residential neighborhoods and municipal buildings. There are no other Walgreens or CVS stores within a 32-mile radius, with the nearest direct competitor being a Rite Aid nearby. The site is located near downtown Mansfield, where the city is implementing a streetscape and infrastructure revitalization plan focused on improving traffic flow and accessibility in the central business district. Mansfield’s employment base includes a mix of manufacturing, healthcare, education, and public sector services. Notable employers include AK Steel, Newman Technology, Ideal Electric, The Gorman-Rupp Company, Therm-O-Disc, and StarTek. The healthcare sector is led by OhioHealth, the region’s trauma center and largest employer, and Avita Health System, which operates medical facilities in the area. Local higher education institutions include Ohio State University at Mansfield, North Central State College, and Ashland University’s Dwight Schar College of Nursing & Health Sciences. Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, OH DRE Lic. BRK.2009000214

FOR SALE DETAILS

PRICE

$3,181,855 USD

PRICE/SF

$231 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NE Ohio Walgreens Limited Competition 32K VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,333 SF

ZONING

B-2

APN/PARCEL ID

027-03-083-04-000

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.