- The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
- Situated on ±99,752 square feet (2.29 Acres) of land along NY Route 5.
- The next closest Walgreens is 13 miles away while the nearest CVS is 15 miles away.
- Positioned along the area’s primary commercial and commuter corridor with direct visibility and access.
- 1 mile from Lake Erie and near Evangola State Park.
Properties
- Absolute triple-net lease with no landlord responsibilities; stable income through January 31, 2034.
- Tyson Foods’ 288,710 SF processing facility (1,500+ employees) and Raytheon’s 407,000 SF manufacturing center. In 2022, Tyson invested $90 million in expanding its facility, resulting in the creation of 320 additional jobs and making it the single largest capital investment in Scott County.
- The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
- No other Walgreens within a 32-mile radius; tenant serves as the primary national pharmacy provider in the region.
- Positioned off U.S. Route 80 the property is located just off the main east-west corridor connecting Meridian and Jackson, supporting daily regional traffic.
- Walgreens has provided notice that they intend to vacate the building as of June 10th 2025. The initial lease term runs through September 30, 2031, with approximately $2,239,948 in guaranteed rental income.
- The property is feet away from the ingress/egress for Interstate-70 with 130,000 vehicles per day and situated at the signalized hard corner of Brice Rd and Tussing Rd with a combined 45,000 vehicles per day.
- Proposed 50-acre development adjacent to the property featuring 2 Class A multi-tenant light industrial buildings totaling ±267K sf.
- Located less than 1 mile from the property, the JCPenney Logistics Center spans 2,117,753 square feet.
- Situated 4 miles northeast of the property, John Glenn Columbus International Airport has 9 million annual passengers and recently broke ground on a new terminal, expected to be completed in 2029.
- There is 3.7 million square feet of retail space and over 3.8 million square feet of industrial space within 2 miles of the Property.
- In a 1, 3 and 5-mile radius average household incomes range from $120,000 to $130,000 per household.
- Situated at the crossroads of US-46 and NJ-10, the property benefits from its close proximity to the Christopher Columbus Highway interchange (I-80), with over 114,000 vehicles per day.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- Located less than 4 miles from the property, Saint Clare’s Dover Hospital General is a 24/7 trauma center providing inpatient care and hospitalization services.
- There is more than 2 million square feet of retail space within 1 mile of the property, anchored by Walmart, Home Depot, Petco, Burlington, and Kohl's.
- Average household income of over $134,000 within a 3-mile radius.
- $160M luxury apartment project is being constructed 1 block away, (455K sf residential complex with 262 units).
- Located 1 mile north of the property, St. Joseph's University - Long Island (3,000 students on 32-acre campus).
- Located 2.5 miles from the property, NYU Langone Hospital - Suffolk is a 306-bed medical center, home to the Knapp Cardiac Care Center—an advanced heart disease diagnostic and treatment facility.
- Long Island, comprised of Suffolk and Nassau counties, has a population of 8.06 million, comprising over one-third of New York State's entire population.
- Located 4 miles from the property, Long Island MacArthur Airport provides flights to over 1.2 million passengers annually.
- According to Placer.AI, this Walgreens ranks in the top 25% nationwide in foot traffic and is the best among five competing national chain drugstores in a five-mile radius.
- Walgreens recently renewed their 5-Year option without any concession showing their commitment to this location.
- This is the only Walgreens serving the Bessemer market and is the furthest southwest location along the I-20 corridor on the route from Birmingham to Tuscaloosa.
- This Walgreens store is conveniently located near major employers and facilities, including US PIPE (500 employees), BLOX (1 million sf facility with 600 employees), Dollar General Distribution Center ($100 million campus spanning 106 acres), and Piggly Wiggly Manufacturing Headquarters (450K sf facility).
- The property is the closest Walgreens to UAB Medical West, a 9-story, 412K sf, 200-bed hospital with a 7-story, 127K sf medical office building.
- Built to suit Walgreens building, tenant went dark in March of 2025.
- Walgreens will continue paying rent through September 30 of 2027 ($233,000 Remaining Rent).
- High density market with over 115k residents in 3-mile radius.
- Projected 2.5% annual growth over next 5 years.
- Approximately 26,000 vehicles per day on signalized corner.
- CVS guarantees the rental income which has 5% increases in the options and does not include a rent holiday.
- In 2019, CVS agreed to extend the lease to a 20 year firm term showing their commitment to the location.
- This property is located in the heart of Summerville and benefits from limited drugstore competition with no other CVS or Walgreens for over 14 Miles.
- Located just a 5-minute drive to the northeast is Atrium Health Floyd Chattooga, which serves as the primary healthcare facility for Summerville and the surrounding communities.
