List Search

40 N Meridian Rd
Youngstown, OH 44509

$3,994,000 USD

Drugstore For Sale  •  14,820 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,820 SF
  • Lot Size 1.71 AC
  • Building Class B
  • Year Built 2008
  • Tenancy Single
  • Zoning B-2
0 Transit Score
52 Walk Score

Highlights

+/- 8 years left on the initial term of the lease with over $2.5M of remaining rent to be paid to the landlord which is guaranteed by Walgreens Corp.
Landlord is collecting $342,000 a year ($28,500 monthly) in guaranteed rent until end of 2033.
NNN lease, Walgreens is responsible to take care of any and all maintenance and repairs needed, leaving the Landlord with ZERO RESPONSIBILITIES.
Absolute NNN - Zero Landlord Responsibilities - Fee Simple Ownership & ideal for an investor looking for an extremely passive and secure investment.
Located near other national tenants.
Great visibility & located in an area along a main retail thoroughfare.

Amenities

  • Signage
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 56
Type: Surface
Included in Rent: Yes
Ruben Khorsandi 949-683-6662 Alliance Investment Real Estate Group
Ruben Khorsandi 949-683-6662 Alliance Investment Real Estate Group