30 Mckinley Way, Poland, OH 44514-1988
- Drug stores
- 15,024 SF
- 1.36 lot acres
Current Use by Public Records
- Drug stores
Property Details for 30 Mckinley Way
- Year built
- 2004
- Lot size
- 1.36 lot acres
- Property type
- Drug stores
- APN
- 36-002-0-011.01-0
- APU
- 360020011010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 5, 2025 | $615 | Village Of Poland Ohio | Pharmacy Portfolio Vii Dst | Warranty Deed | — |
| May 1, 2025 | — | Pharmacy Portfolio Vii Springing Ll | Pharmacy Portfolio Vii Dst | Quitclaim Deed · related | — |
| Dec 1, 2014 | — | Pharmacy Portfolio Vii Dst | 2014 Poland Pharmacy Dst | Quit Claim Deed · related | $43.5M · Parkway Bank & Trust Co |
| May 23, 2005 | $5,318,400 | Labelle Poland LLC | Greystone Group Poland Ltd | Limited Warranty Deed | $1M · M & I Marshall & Ilsley Bank |
Description
This exceptional investment opportunity presents a 14,560 square foot Walgreens pharmacy in Poland, Ohio, situated on a 1.36-acre lot. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $360,000. The absolute triple-net (NNN) lease with Walgreens Boots Alliance, a corporate guarantee, ensures minimal landlord responsibilities and provides financial stability with over 5.7 years remaining on the 25.1-year lease, with ten 5-year renewal options. Built in 2004, this single-story building enjoys excellent visibility and convenience due to its location on a signalized corner with high daily traffic counts, complemented by proximity to Interstate-680 and a major retail center, Southland Crossing, featuring national retailers like Walmart, Lowe's, and Target. The property's consistent sales performance surpasses the national average for Walgreens, further enhancing its investment appeal. The asking price is $4,800,000, translating to a price per square foot of $329.67. The property's Commercial (4) zoning and dedicated drive-thru add to its operational efficiency and market competitiveness. This is a rare opportunity to acquire a high-performing, passively managed investment with a blue-chip tenant in a prime retail location. The property's address is 30 W McKinley Way, Poland, OH 44514, with APN 36-002-0-011-.01-0.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,334,000
- AI Estimate
- $1,721,000
Market price range: $553k - $2.33MMarket price range: $331k - $1.72M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,675,000
- COMMERCIAL (GENERAL)
- $1,710,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Poland
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.6158
- Latitude
- 41.0246
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
