Lima, OH

• According to Placer.AI, this location is rated #1 in customer visits of Walgreens stores in a 50-mile radius.
• This store will benefit from an expanded script base as Walgreens recently acquired all of Rite Aid’s files in the Lima Market.
• One of only two Walgreens serving over 101,000 residents.
• Open two hours later than competing Walgreens in Lima.
• Located 1.5 miles from Mercy Health-St. Ritas Medical Center with 3,000 employees.
• Over 2.6 million square feet of retail space within 1.5 miles of the Property.
• Less than 1 mile from the University of Northwestern Ohio, with over 4,000 full-time students and 530 employees.

We are pleased to market for sale the Walgreens property located at 701 North Cable Road in Lima, Ohio ("The Property"). Walgreens has been successfully operating at this location for over 21 years and has 4 years of firm term, with 10 (5-year) options to extend their lease. Walgreens is on an absolute net lease with zero landlord responsibilities whatsoever.

The Property offers investors the opportunity to acquire a high-yield Walgreens investment in a market with very limited drugstore competition. In June 2024, Rite Aid announced it is shuttering its five stores in the Lima market, leaving the subject Property as the only national chain drugstore east of the Ottawa River and one of only two Walgreens properties in Lima. Furthermore, Walgreens purchased the script count from the five shuttered Rite Aid locations, transferring script counts to the remaining two Walgreens in Lima.

The Property is strategically located 1.5 miles from Mercy Health-St. Ritas Medical Center. With over 3,000 employees, physicians, and volunteers, Mercy Health-St. Ritas, is the main provider of quality health care to the people of Lima and the 10-county region in west central Ohio. Mercy Health-St. Ritas is the largest health system in Ohio and one of the largest in the United States. This provides a significant catalyst for the Property's pharmacy segment.

With over 2.6 million square feet of retail space within 1.5 miles, the Property benefits from being situated in Lima's major retail corridor, anchored by the Lima Mall, Walmart Supercenter, Kohls, T.J. Maxx, Ulta Beauty, Hobby Lobby, and Planet Fitness. Additionally, the Property is located on the signalized hard corner of North Cable Road and Allentown Road, with visibility to over 32,000 vehicles per day.