Walgreens NNN Property For Sale — Toledo, OH
W Laskey Rd, Toledo, OH 43623
This Walgreens property offers an exceptional investment opportunity with a long-term absolute NNN lease, providing passive income and zero landlord responsibilities. The tenant, Walgreens, is an investment-grade rated company (S&P: BBB) with a strong operating history at this location since 2002, demonstrating a well-established customer base. Situated at a heavily trafficked, signalized intersection, the property benefits from high visibility and accessibility. It is strategically located directly across from a Kroger-anchored shopping center and in close proximity to Mercy St. Anne Hospital, enhancing its appeal as a retail destination. The site is also just one block north of Interstate 475, ensuring easy access for a wide customer base. The surrounding area boasts a strong demographi…
- Address: W Laskey Rd, Toledo, OH 43623
- Asking price $6.24M
- 6.10% cap rate
- NOI $380,676
- 1.3 years remaining
- NNN lease
- Year built: 2002
- Building size: 13,125 SF
- Lot size: 1.60 acres
- Lease expiration: Dec 31, 2027
- Rent increases: Ten 5-year renewal option periods.
- Guarantor: Corporate
Location
This Walgreens property is at W Laskey Rd in Toledo, Ohio.
Asset type: Retail