This 14,490 square foot NNN Walgreen’s is strategically located at the signalized intersection Lee Road and Harvard Ave which experiences traffic counts in excess of 43,000 vehicles per day. There are over 126,000 people living within a three mile radius of the property earning an average household income of over $60,000 per year.
The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has successfully operated at this location since 2002 and has 10 years remaining on their primary lease term with seven 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 Giant Eagle, Aldi’s, Marshalls, Rose’s, buybuy BABY, and Dollar Tree.
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.
4071 Lee Road
Cleveland, OH 44128
|1 Mile||3 Mile||5 Mile|
|Average Household Income||$47,623||$60,524||$63,311|