Walgreens Cincinnati, OH

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Property

Overview

The 15,050 SF Walgreen’s is strategically located at the signalized intersection of two primary thoroughfares in a densely populated residential area. The intersection of Mitchel Avenue and Vine Street experiences traffic counts in excess of 47,700 VPD.

The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has successfully operated at this location since 2001 and has more than 11 years remaining on their primary lease term. The lease features eight 5-year renewal option periods. Walgreens is committed to this location as evidenced by their recent lease extension. National retailers located in the area include Kroger, McDonald’s, and Family Dollar.

Walgreens is the largest drug retailing chain in the United States and has over 8,175 locations in the United States. Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

Key Facts

  • Property

  • • Over 126,800 people within a 3-mile radius
  • • Signalized intersection with over 47,000 VPD
  • • 15,050 SF
  • • Drive-thru
  • • Long-term history at property (since 2001) with recent lease extension
  • • 11 years remaining on lease-term
  • Walgreen's

  • • Investment grade tenant (S&P BBB)
  • • Publicly traded on the Nasdaq (symbol: WBA)
  • • Market cap in excess of $88 Billion
  • • Growing retailer with pending deal to acquire 2,168 stores from Rite-Aid (RAD)

Address

9 W Mitchell Ave
Cincinnati, OH 45217

Location

Downloads

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Map

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Demographics

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Site Plan

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Retailer Map

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Demos

1 Mile 3 Mile 5 Mile
Population 11,258 128,508 324,584
Households 4,801 55,138 142,707
Average Household Income $52,573 $48,180 $60,304

Team

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Geoff Ficke

Marcus & Millichap
972.755.5262 geoff.ficke@marcusmillichap.com

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