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Property profile & analytics
OFF-MARKET
Auto shops

403 Main St Bryan, OH 43506-1323

3,312 SF 0.2 ac lot Built 1965
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-2924552
Property summary
AI-generated overview

This exceptional investment opportunity presents a 14,820-square-foot Walgreens located at 403 S Main St, Bryan, OH 43506. The property sits on a 1.93-acre lot in a prime downtown location, experiencing high traffic volume of 10,987 vehicles per day. This absolute NNN lease boasts a corporate guarantee from Walgreens (NASDAQ:WBA), minimizing landlord responsibilities. The current lease, commencing July 31, 2007, and expiring July 30, 2032, has a remaining term of 7.7 years. The lease includes fifty one-year renewal options, providing significant long-term stability. The property's strong financial performance is reflected in its $350,000 net operating income (NOI) and an 8.65% cap rate. The asking price is $4,046,243, translating to a price per square foot of $273.03. This Walgreens is surrounded by complementary businesses and restaurants, further enhancing its value and potential for continued success. The property offers a compelling combination of secure income, minimal management, and significant long-term growth potential. This is a rare opportunity to acquire a well-established, high-performing Walgreens in a desirable location.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1965
Total area 3,312 SF
Lot 0.2 ac (8,712 SF)
APN 063-170-09-009.000
UPID US66-2924552
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
  • Walgreens Pharmacy Pharmacy
  • FedEx OnSite Postal Service Courier Service
  • Walgreens Pharmacy
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mark T Beagle · 21 yrs held
Mark T Beagle
since 2005
1 recorded transaction
2005
$93,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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