Walgreens 3390 Elm Rd 11 458 pi² Commerce de détail Immeuble Warren, OH 44483 3 997 178 $ CAD (348,85 $ CAD/pi²) 7,40% Taux de capitalisation

This single-tenant Walgreens property in Warren, Ohio offers investors a long-term, secure income stream through an absolute triple-net (NNN) lease backed by a corporate guaranty. Located at 3390 Elm Road N.E., the asset is positioned on a high-visibility corner at the intersection of Elm Road and North River Road, one of the city's primary retail corridors. The building, totaling approximately 14,470 square feet, includes a convenient drive-thru and 62 dedicated parking spaces on a 1.53-acre parcel.
The lease term runs through August 2035, providing nearly 10 years of remaining primary term with twelve additional 5-year renewal options. Rent escalates by 5% in the 6th, 11th, and 14th years, creating built-in income growth. The property is surrounded by national and regional retailers such as Menards, Dollar Tree, Sheetz, Pizza Hut, KFC, and Tractor Supply Co., ensuring consistent consumer activity. With over 29,000 vehicles per day at the intersection and proximity to the Youngstown-Warren-Boardman MSA, this Walgreens offers dependable returns and a passive management structure for investors seeking long-term stability in a necessity-based retail tenant.