April 8, 2021 – Hobart Hare, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Cincinnati, Ohio. Horvath & Tremblay procured the buyer to complete this transaction at a sale price of $4,300,000.
Walgreens is located at 4241 Glenway Avenue in Cincinnati, Ohio. The stand-alone building contains 14,490 square feet, including a drive through on a 1.5-acre lot. Walgreens has been at this location since its construction in 2003 and has 7 years remaining on a Triple Net (NNN) Lease, as well as ten, 5-year renewal options. Walgreens is situated on a corner lot at the signalized intersection of Glenway Avenue and Sunset Avenue and also enjoys a third means of ingress and egress along Winfield Avenue. The property benefits from a combined traffic count in excess of 25,800 vehicles per day. Additionally, the property is near Mercy Health, the area’s largest medical facility, is adjacent to the Carson Elementary School and close to the Elder High School.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.