March 13, 2023 – Jack Laurendeau, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Dayton, Ohio. Horvath & Tremblay represented the buyer to complete this transaction at a sale price of $3,025,000.
Walgreens is located at 5901 N Springboro Pike in Dayton, Ohio. The stand-alone building contains 14,560 square feet, including a drive through on a 4.8-acre lot. Walgreens has been at this location since its construction in 2004 and has 6+ years remaining on an Absolute NNN Lease, as well ten (10) 5-year renewal options. Walgreens is well-positioned just outside of Dayton’s main city center, surrounded by a dense retail corridor and a large pocket of suburban homes. Approximately 10,700 individuals live within one mile of the property, and various national and local tenants fill the retail area, including McDonald’s, Popeyes, CVS, Burger King, Starbucks, Dollar Tree, Dollar General, Kroger, Meijer, O’Reilly, Wendy’s, Dominos, and many more. West Carrollton High School is less than one mile from the property with approximately 940 enrolled students, and Kettering Health Main Campus is also less than four miles from the property, which holds approximately 403 beds and has discharged over 22,900 patients. All of these bring a constant flow of vehicle traffic past the site each and every day.
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.