Walgreens Absolute NNN
For Sale
Contact for pricing
2609 E Main St, Springfield, OH 45503
Walgreens occupies the property under a long-term absolute net lease with scheduled increases and no landlord responsibilities.
Property SizeContact for details
Days on Market142
Property Features for 2609 E Main St
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Asking Price
$4,000,000
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 12:45PM
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 property is occupied by Walgreens under a new 15-year absolute net lease. The structure assigns all landlord responsibilities to the tenant, while the initial term and each of the 12 five-year options include 5% rental increases every 5 years. The asset is located at 2609 E Main St in Springfield, Ohio, across from a CVS location along Highway 40, which runs parallel to Interstate 70.
The surrounding area includes substantial industrial, distribution, residential, educational, and medical activity. Within 5 miles are a 523,000-square-foot ALDI distribution facility, the 334,000-square-foot Springfield Distribution Center, Prime Ohio II Industrial Park with 870,000 square feet and over 200 acres zoned for additional industrial development, and Prime Ohio Corporate Park I with 1.3 million square feet of industrial space employing 2,300 people. Within 2 miles, Melody Parks includes 187 acres, 1,250 residential units, and 500,000 square feet of commercial space, while Brentwood Square Apartments adds 214 units. Wittenberg University, Clark State College, and Mercy Health Medical Center are within 3 miles.
The surrounding area includes substantial industrial, distribution, residential, educational, and medical activity. Within 5 miles are a 523,000-square-foot ALDI distribution facility, the 334,000-square-foot Springfield Distribution Center, Prime Ohio II Industrial Park with 870,000 square feet and over 200 acres zoned for additional industrial development, and Prime Ohio Corporate Park I with 1.3 million square feet of industrial space employing 2,300 people. Within 2 miles, Melody Parks includes 187 acres, 1,250 residential units, and 500,000 square feet of commercial space, while Brentwood Square Apartments adds 214 units. Wittenberg University, Clark State College, and Mercy Health Medical Center are within 3 miles.
Key Highlights
- New 15‑year absolute NNN lease with no landlord responsibilities
- 5% rental increases every 5 years during the initial term and each of the 12 five‑year options
- Located across from a CVS along Highway 40, parallel to Interstate 70
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
206k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 27%
Groceries 21%
Electronics 1%
Kroger
Groceries
36,695 visits/mo
0.2 miles
McDonald's
Dining
27,189 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,122 visits/mo
0.5 miles
Wendy's
Dining
15,570 visits/mo
0.2 miles
Frisch's Big Boy
Dining
11,684 visits/mo
0.3 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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Frequently Asked Questions
What type of property is this?
NNN property - Walgreens occupies the property under a long-term absolute net lease with scheduled increases and no landlord responsibilities.
Where is this nnn property located?
The property is located at 2609 E Main St Springfield, OH.
What are key features of this property?
This property features: New 15‑year absolute NNN lease with no landlord responsibilities; 5% rental increases every 5 years during the initial term and each of the 12 five‑year options; Located across from a CVS along Highway 40, parallel to Interstate 70
