Description

This Walgreens property in Warren, Ohio presents an attractive investment opportunity, offering a stable and predictable income stream through an absolute triple-net (NNN) lease supported by a corporate guaranty. Situated at 3390 Elm Road N.E. on a prominent corner at the intersection of Elm Road and North River Road, the property benefits from strong visibility within one of the area's key retail corridors. The approximately 14,470-square-foot building features a drive-thru and 62 parking spaces on a 1.53-acre site. The lease extends through August 2035, providing nearly a decade of remaining term, along with twelve 5-year renewal options. Scheduled rent increases of 5% in the 6th, 11th, and 14th years offer built-in revenue growth. Surrounded by well-known retailers including Menards, Dollar Tree, Sheetz, Pizza Hut, KFC, and Tractor Supply Co., the property enjoys steady customer traffic. Its location at an intersection carrying more than 29,000 vehicles daily and its proximity to the Youngstown–Warren–Boardman metropolitan area further enhance its appeal, making it a low-maintenance investment with long-term income potential.