January 26, 2022 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a Walgreens in Lima, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $4,310,000.
Walgreens is located at 2366 Harding Highway in Lima, Ohio. Walgreens has been at this location since its construction in 2002 and has 7+ years remaining on an Absolute NNN Lease, as well as ten, 5-year renewal options. Walgreens is located at the signalized intersection of Harding Highway (OH Highway 309) and Vassar Street, which provides access to a Walmart Supercenter and other national retailers including a newly constructed ALDI, Tractor Supply, McDonald’s, and Starbucks. The Property is 0.7-miles from Interstate 75 and 1.4-miles east of the 110 bed Lima Memorial Hospital which just announced a $30 million expansion. The Property also enjoys close proximity to the Allen County Fairgrounds and the University of Ohio at Lima and Rhodes State College.
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.