Walgreens Cleveland, OH

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Property

Overview

This 13,500 square foot NN Walgreen’s is strategically located at the signalized intersection W 130th Street and Bellaire Road. There are over 355,000 people living within a three-mile radius of the property earning an average household income of over $57,000 per year.

The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has successfully operated at this location since 1994 and has over 9 years remaining on their primary lease term with five 5-year renewal option periods. Walgreens is committed to this location as evidenced by their recent lease extension.

National retailers located in the area include Walmart Supercenter, Giant Eagle, Marc’s, Save-A-Lot, K-mart

Walgreens is the largest drug retailing chain in the United States and has over 8,175 locations in the United States. Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

Key Facts

  • Property

  • • Over 355,000 within a 3-mile radius
  • • 13,500 square feet
  • • Drive-thru
  • • Long-term history at property (since 1994) with recent lease extension
  • • Over 9 years remaining on lease-term
  • Walgreen's

  • • Investment grade tenant (S&P BBB)
  • • Publicly traded on the Nasdaq (symbol: WBA)
  • • Market cap in excess of $88 Billion
  • • Growing retailer with pending deal to acquire 2,168 stores from Rite-Aid (RAD)

Address

4281 W. 130th St.
Cleveland, OH 44135

Location

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Demographics

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Aerial

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Demos

1 Mile 3 Mile 5 Mile
Population 15,741 129,243 355,969
Households 6,443 55,673 155,869
Average Household Income $45,686 $52,685 $57,320

Team

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George Kidman

Investment Sales Broker
727.560.9917 gkidman@theimperiumcompanies.com

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