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    FOR SALE
    Drug stores

    1140 N Limestone St, Springfield, OH 45503

    13,991 SF Built 2004
    Property ID
    US66-0040711
    Property summary
    AI-generated overview

    We are pleased to offer for sale the Walgreens property located at 1140 N Limestone St, Springfield, OH 45503 (the “Property”).​ 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 (1,602 students; 110 teachers) are both within a two-mile radius, contributing to a consistent daytime population and demand.​   Further enhancing the area’s growth, 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.​ Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.​com, OH DRE Lic.​ BRK.2009000214.​

    Property profile
    Verified
    Property type Drug stores
    Year built 2004
    Total area 13,991 SF
    UPID US66-0040711
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Walgreens Photo (Bike/Boat/Book/etc) Store
    • Christina Jones, RPH Pharmacy
    • Western Union Bank Credit Union
    • LibertyX Bitcoin ATM Atm
    • Walgreens Pharmacy Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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