The Kase Group is pleased to present an exceptional opportunity to acquire a Walgreens property located in Lancaster, Ohio. The asset is secured by a 25-year Absolute NNN Lease with zero landlord responsibilities. The lease commenced in April 2005 and is set to expire in May 2030, with ten, 5-year renewal options, providing significant long-term stability.
The property benefits from a prime retail location in one of Lancaster’s most established and commercially active corridors, with 19,282 vehicles per day (VPD) traveling along East Main Street. The surrounding trade area features a strong mix of national retailers, essential services, and educational institutions. Nearby brands and service providers include Kroger, Advance Auto Parts, McDonald’s, Burger King, and Taco Bell, all contributing to consistent daily traffic and consumer demand. Healthcare services are anchored by Fairfield Medical Center and OhioHealth Physician Group, which help sustain a stable daytime population. Educational institutions in close proximity include Lancaster High School (1,700 students) and East Elementary School (450 students).
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