Walgreens NNN Investment
For Sale
Contact for pricing
1140 N Limestone St, Springfield, OH 45503
Walgreens property with approximately 3.5 years remaining on lease.
Property Size13,991 SF
Price / SF$208.47
Days on Market196
Property Features for 1140 N Limestone St
General Information
Standard status
Active
Size
13,991 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$350,000
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Jul 23 at 4:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
The Walgreens property is located at 1140 N Limestone St, Springfield, OH 45503. Walgreens operates under an absolute net lease with approximately 3.5 years remaining in the current term. The lease includes ten 5-year renewal options. The property is situated at the intersection of North Limestone Street (State Route 72) and East McCreight Avenue, a high-visibility corridor that connects directly to Interstate 70, offering strategic positioning within Springfield’s main commercial and medical district. Limestone Street functions as a primary north-south arterial. The surrounding area includes a mix of healthcare, education, and residential density. Notably, the property is 0.5 miles from Mercy Health – Springfield Regional Medical Center, a 234-bed full-service hospital, and Springfield Nursing and Assisted Living, located just across McCreight Avenue. Wittenberg University, with 1,254 students and nearly 200 faculty/staff, and Springfield High School with 1,602 students and 110 teachers are both within a two-mile radius, contributing to a consistent daytime population and demand. The property size is 13,991 square feet. Work recently began on Fountain Village, a 16-acre residential development just blocks from the property. Once complete, the community will offer 54 single-family homes alongside 109 townhomes.
Key Highlights
- Absolute Net Lease with Walgreens: Provides a passive income stream.
- Strategic High‑Visibility Location at a major intersection (N Limestone St & E McCreight Ave) with direct access to Interstate 70.
- Proximity to Mercy Health – Springfield Regional Medical Center: Located just 0.5 miles from a major hospital.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 27%
Leisure 6%
Speedway
Shops & Services
23,166 visits/mo
0.1 miles
Tim Hortons
Dining
7,667 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,734 visits/mo
0.1 miles
Donatos Pizza
Dining
3,558 visits/mo
0.5 miles
Edwards-Maurer Field & Earl F. Morris Track
Leisure
2,922 visits/mo
0.4 miles
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Mercy Health - Springfield Regional Medical Center — 100 Medical Center Dr, Springfield, OH 45504
- Christina Jones, RPH — 1140 N Limestone St, Springfield, OH 45503
- Madison Avenue Pharmacy — 640 N Fountain Ave, Springfield, OH 45504
- Katrina Vaske, RPH — 640 N Fountain Ave, Springfield, OH 45504
- Karalyn Evilsizor — 640 N Fountain Ave, Springfield, OH 455042202
Frequently Asked Questions
What type of property is this?
Drug store - Walgreens property with approximately 3.5 years remaining on lease.
Where is this drug store located?
The property is located at 1140 N Limestone St Springfield, OH.
What is the asking price?
The asking price for this property is $2,916,666.
What are key features of this property?
This property features: Absolute Net Lease with Walgreens: Provides a passive income stream.; Strategic High‑Visibility Location at a major intersection (N Limestone St & E McCreight Ave) with direct access to Interstate 70.; Proximity to Mercy Health – Springfield Regional Medical Center: Located just 0.5 miles from a major hospital.
