STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

1001 W. State Street , Trenton, Ohio
Ownership Type:
Fee Simple
Price:
$3,866,667
Cap Rate:
7.50%
Current Rent:
$290,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
12 years
Landlord Responsibilities:
None
Renewal Options:
2, 5-year and 40, 1-year
Building Sq. Ft.:
14,740 SF
Rent Increases:
5% Every 5 Years
Site Size:
1.49 Acres

Investment Highlights

  • Long-Term Commitment: Walgreens executed a brand new 12 Year lease in 2025.
  • Increases Throughout Lease Term: Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
  • Strategically Located Retail Corner: Positioned on the corner of West State St. and Wayne Madison Rd. with a curb cut, which averages 15,000 VPD.
  • Passive Investment with Long-Term Stability: Long term Absolute NNN Lease with Zero Landlord responsibilities.
  • Affluent Local Consumer Base: Average household income within 3 mile is $95,000.
  • Retail Corridor: Walgreens is next to a middle school as well as several other national retail tenants such as Taco Bell, McDonalds, and a Dollar General.
Ownership Type:
Fee Simple
Price:
$3,866,667
Cap Rate:
7.50%
Current Rent:
$290,000
Lease Type:
Triple Net
Lease Term:
12 years
Landlord Responsibilities:
None
Renewal Options:
2, 5-year and 40, 1-year
Building Sq. Ft.:
14,740 SF
Rent Increases:
5% Every 5 Years
Site Size:
1.49 Acres

Listing Agents

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Cooperating Broker: Bang Realty, Inc | Brian Brockman, License #: BRK.2009000214

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