32798 Walker Rd

Avon Lake, Ohio stands out as a premier suburban market for pharmacy retail, offering a rare combination of strong demographics, sustained population growth, rising affluence, and active new home construction. Located at the highly visible northwest corner of Route 83 and Walker Road, this modern Walgreens store is perfectly positioned to serve a growing, high-income community with exceptional pharmacy demand. This property represents an outstanding investment in a thriving, affluent suburban market where pharmacy demand is both stable and expanding. Ideal for local investors and 1031 exchange buyers seeking long-term cash flow in a high-quality community.

•Long-Term, Successful Pharmacy Operations — Corporate-backed Walgreens with drive-thru in a proven±14,990 SF location generating $224,595 in annual NOI
•Strong Demographics & Trade Area — Affluent Avon Lake suburb with $115,567 median household income, steady population growth, and active new home construction
•Below-Market Opportunity — Attractive 8.63% cap rate at $2,600,000 — compelling pricing relative to replacement cost and recent comparable Walgreens sales
•Absolute NNN Lease — Tenant pays all taxes, insurance, and maintenance
•41 Years of Remaining Term — Through March 31, 2067 with corporate guarantee by Walgreens
(Sycamore Partners)
•Prime Corner Location — High-visibility NWC of Route 83 & Walker Road with excellent traffic and access