Walgreens Property For Sale

The Boulder Group is pleased to exclusively market a single tenant net leased Walgreens property for sale located in Columbus, Ohio. The property is strategically located off of a heavily trafficked signalized intersection in a densely populated area. There are approximately four years remaining on the Walgreens property for sale lease which expires on March 31, 2021. The lease features eight 5-year renewal option periods.

The 15,120 square foot Walgreens is strategically located just off of the heavily trafficked signalized intersection of Livingston Avenue and South James Road which experiences traffic counts in excess of 43,000 vehicles per day. Livingston Avenue is a primary east-west thoroughfare in the trade area while South James Road is a primary north-south thoroughfare. The Walgreens is located less than one mile north of Interstate 70 which experiences traffic counts in excess of 94,000 vehicles per day. The surrounding area is densely concentrated with commercial and residential buildings providing for significant barriers to entry. Retailers located in the immediate vicinity to the Walgreens include Walmart Supercenter, CVS, Family Dollar, Save-a-Lot and McDonald’s. There are approximately 115,000 people living within a three mile radius of the property.

Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.