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    859 E Main St Lancaster, OH 43130

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    For Sale
    $3,000,000

    NNN leased Walgreens in high-traffic retail corridor.

    Property size:
    14,478 SF
    Lot size:
    1.17 Acres

    Property Features for 859 E Main St

    General Information

    Size
    14,478 SF
    Lot size
    1.17 Acres

    Source: The Kase Group - Corporate Agent Jason Denham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Walgreens For Sale

    This property is a NNN leased building occupied by Walgreens, a national credit tenant (NASDAQ: WBA). The property benefits from a high-traffic retail corridor with 19,282 vehicles per day along East Main Street. It is surrounded by national retailers, including Kroger, McDonald’s, Advance Auto Parts, Taco Bell, and Burger King. The location also benefits from a strong medical presence with Fairfield Medical Center and OhioHealth Physician Group nearby. Additionally, the property is close to local schools, including Lancaster High School (1,700 students) and East Elementary (450 students). The lease is absolute NNN, with zero landlord responsibilities. The property size is 14,478 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics Atm Redbox Movie Rental Kiosk FedEx OnSite Mailing Service Western Union Money Transfer Service COVID-19 Drive-Thru Testing ... Medical Laboratory

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Medicine Shoppe, Walgreens Pharmacy, GoodCare By CPCI, Steve Mccandlish, Tracy Johnson

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.5837047
    Latitude
    39.713784

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    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens in high-traffic retail corridor.
    Where is this drug store located?
    The property is located at 859 E Main St Lancaster, OH.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease - Zero Landlord Responsibilities; - National Credit Tenant – Walgreens (NASDAQ: WBA); - High-Traffic Retail Corridor – **19,282 VPD Along East Main St**
    (925) 390-8518
    Request Owner's contact information
    859 E Main St Lancaster, OH 43130
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    Lancaster, OH 43130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    859 E Main St Lancaster, OH 43130
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