Walgreens

751 Richmond Road Richmond Heights, OH 44143

751 Richmond Road, Richmond Heights, OH, 44143
751 Richmond Road, Richmond Heights, OH, 44143 751 Richmond Road, Richmond Heights, OH, 44143 751 Richmond Road, Richmond Heights, OH, 44143 751 Richmond Road, Richmond Heights, OH, 44143 751 Richmond Road, Richmond Heights, OH, 44143 751 Richmond Road, Richmond Heights, OH, 44143
FOR SALE
Property Type:
Free Standing Building
Amount:
$6,000,000
Last Verified:
Feb 29, 2024

Highlights

  • 13,216 SF Building Built in 2004 w/ Drive Thru
  • Single Tenant | Absolute NNN
  • Recently Extended Lease | 10-Year Lease Term Remaining with 10 (5) Year Options
  • Signalized Corner: Richmond & Willson Mills Road | 17,173 VPD
  • Adjacent to Belle Oak Marketplace: 2024 Development | 791-Unit Luxury Apartment & Retail Development in place of former Richmond Town Square & Richmond Mall
  • 2 Points of Ingress/Egress Entry
  • 2.5 Miles West of I-271
  • Richmond Heights is a Suburb of Cleveland
  • WBA (NASDAQ) Operating Since 1901 | 9,000 Stores in the U.S. Serving 8M Customers Daily

Description

Absolute NNN Walgreens with a 10-year term remaining, accompanied by 10 (5) year extension options. The tenant provides a corporate guarantee and holds a BBB S&P Global Rating.

Richmond Heights, OH


Year Built: 2004
Building Size: 13216sq ft
Building Class: B
Lot Size: 1.59 acres

Map of 751 Richmond Road, Richmond Heights, OH, 44143

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.