403 Main St Bryan, OH 43506-1323

Property Details for 403 Main St

Year built

1965

Lot size

0.20 lot acres

Property size

3,312 SF

Property type

Auto shops

APN

063-170-09-009.000

APU

6317009009000

Description

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.