January 27, 2025 – Jack Laurendeau of Horvath & Tremblay has successfully completed the sale of a Walgreens in Canal Winchester, Ohio. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $3,885,000.
The Walgreens is located at 6266 Gender Road in Canal Winchester, Ohio. Walgreens has been at this location since its construction in 2004. They extended their Absolute NNN Lease in 2024 demonstrating their commitment to the site and the market. Walgreens has 11+ years remaining on their Lease, as well as nine, 5-year renewal options. The Absolute NNN Lease calls for an attractive 15% rent increase at the start of the first renewal option period, providing a steady increase in income and an attractive hedge against inflation. Walgreens is located at the signalized intersection of Winchester Boulevard and Gender Road, one of the area’s primary commercial and commuter corridors. The Property is surrounded by national retailers and restaurants that drive traffic to the area, is seconds from the Southeast Expressway (US Highway 33), and is close to the area’s residential neighborhoods providing a built-in customer base. Canal Winchester is approximately 13.5-miles southeast of Columbus, Ohio.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.