4580 Monroe St - Drug Store FOR SALE
Toledo, OH 43613 |
4580 Monroe St
Toledo, OH 43613
HIGHLIGHTS
- INVESTMENT GRADE CREDIT TENANT - Corporately guaranteed lease from Walgreens with an S&P credit rating of BBB.
- ABSOLUTE NNN LEASE - There are ~4.7 years remaining on an Absolute NNN Fee Simple lease with zero landlord responsibilities.
- STRATEGIC MEDICAL HUB - The subject property is strategically located near an abundance of hospitals, medical centers, and clinics.
- DENSE RETAIL MARKET - Located in a prime retail trade area with 230,564 people within a 5-mile radius.
- HARD CORNER LOCATION - Strategically positioned on a highly visible 1.6 AC parcel on the hard corner of a 4-way intersection seeing over 60,000 VPD.
- LONG-TERM OPERATING HISTORY - Walgreens has operated at this location for over 20 years, demonstrating their long-term commitment to the location.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
13125
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
58
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
22-37501,22-37504,22-37507,22-37511,22-37567,22-37571,22-37574,22-37577,22-37581
