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    2366 Harding Hwy Lima, OH 45804

    For Sale
    $4,000,000

    Investment-grade Walgreens with drive-thru and zero landlord responsibilities.

    Property size:
    14,406 SF
    Lot size:
    4.33 Acres

    Property Features for 2366 Harding Hwy

    General Information

    Size
    14,406 SF
    Lot size
    4.33 Acres

    Source: SRS Real Estate Partners | Chicago Agent Sean Lutz

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

    Overview

    Lima, OH Walgreens Investment Property

    This is an opportunity to acquire a fee simple interest in an absolute NNN Walgreens investment property with a drive-thru, located in Lima, OH. The tenant, Walgreen Co., has 5 years of lease term remaining, with 10 (5-year) option periods left to extend. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities. Founded in 1901, Walgreens is among America’s largest pharmacies and health & beauty companies with nearly 9,000 stores in operation. The property is 14406 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Brooke Roeder, RPH Pharmacy Walgreens Photo Passport Photo Processor Cardtronics ATM Atm COVID-19 Drive-Thru Testing ... Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Sam's Club Pharmacy, Lisa A. Schaaf, RPh, Laura L. Danosky, RPH, Nancy Schultz, Walgreens Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0621362
    Latitude
    40.7304654

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    FAQs

    What type of property is this?
    Drug store - Investment-grade Walgreens with drive-thru and zero landlord responsibilities.
    Where is this drug store located?
    The property is located at 2366 Harding Hwy Lima, OH.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Investment grade credit rating (S&P: BBB-) providing financial stability.; - Absolute NNN lease structure with zero landlord responsibilities, ideal for passive income.; - Corporate lease signed by Walgreen Co., a major national pharmacy chain.
    (312) 437-8598
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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
    2366 Harding Hwy Lima, OH 45804
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