Pharma Property Group Retains Exclusive Listing for Walgreens in Brecksville, Ohio
Pharma Property Group has retained the exclusive right to market the Walgreens for sale located at 8966 Brecksville Road in Brecksville, Ohio. This drugstore for sale’s lease was recently extended for an additional 25 years.
“Walgreens has showed commitment to this location by executing a new 25 year lease in 2012. The lease calls for approximately six percent increases each five years in the option periods which is extremely rare in Walgreens leases,” explains Jason Stuart Pongsrikul, lead broker and Managing Principal of Pharma Property Group. Mr. Pongsrikul continues, “This Walgreens is located in an affluent area of Ohio, with household incomes exceeding $90,000 annually. The real estate is also phenomenal as it is across the street from the Brecksville Shopping Center and Creekview Commons shopping center with over 94,717 square feet of retail space.”
Brecksville is an affluent suburb of the Northeast Ohio area just 15 miles south of the City of Cleveland.
Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055