40 N Meridian Rd - Drug Store FOR SALE
Youngstown, OH 44509 |
40 N Meridian Rd
Youngstown, OH 44509
HIGHLIGHTS
- +/- 8 years left on the initial term of the lease with over $2.5M of remaining rent to be paid to the landlord which is guaranteed by Walgreens Corp.
- Landlord is collecting $342,000 a year ($28,500 monthly) in guaranteed rent until end of 2033.
- NNN lease, Walgreens is responsible to take care of any and all maintenance and repairs needed, leaving the Landlord with ZERO RESPONSIBILITIES.
- Absolute NNN - Zero Landlord Responsibilities - Fee Simple Ownership & ideal for an investor looking for an extremely passive and secure investment.
- Located near other national tenants.
- Great visibility & located in an area along a main retail thoroughfare.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
2008 Walgreen's With Drive Thru Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
14820
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
56
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
48-008-0-099.00-0,48-008-0-100.00-0,48-008-0-102.00-0,48-008-0-104.01-0,48-023-0-124.00-0
