Walgreens Akron, OH

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Property

Overview

The property is strategically located at the highly-trafficked signalized intersection of Arlington Street – the primary north-south thoroughfare in the trade area - and Triplett Boulevard. The store is located one-half mile east of Interstate 77 which experiences traffic counts in excess of 122,500 vehicles per day.

The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has successfully operated at this location since 1994 and has more than 10 years remaining on their primary lease term. The lease features five 5-year renewal option periods and low rent per square foot. Walgreens is committed to this location as evidenced by their recent lease extension. National retailers located in the area include ALDI, Goodwill, Save-A-Lot, Advance Auto Parts, O’Reilly Auto Parts, Burger King and Dollar General.

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 85,000 people within a 3-mile radius
  • • Signalized intersection with over 25,000 VPD
  • • 13,600 SF
  • • Drive-thru
  • • Long-term history at property 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

1130 South Arlington St
Akron, OH 44306

Location

Downloads

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Site Plan

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Retailer Map

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Demographics

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Demos

1 Mile 3 Mile 5 Mile
Population 13,756 85,542 199,802
Households 5,740 33,793 82,126
Average Household Income $39,487 $44,533 $48,445

Team

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Steven Silverman

Friedman Real Estate
248.848.4089 steven.silverman@freg.com

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