Reynoldsburg, OH

• 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.

We are pleased to market for sale the Walgreens property located at 2615 Brice Rd, Reynoldsburg, OH 43068 ("The Property"). Walgreens has over 6 years and 4 months of firm term remaining before the 12 (5-year) option periods. Walgreens operates on an absolute triple net lease which provides for no landlord obligations whatsoever. Walgreens has given notice that they intend to vacate the building as of June 10th 2025.

Directly adjacent to the property, a 50-acre modern campus-style workplace featuring 2 Class A multi-tenant light industrial buildings, one 148,750 square feet and the other 119,000 square feet, is currently proposed. This will add to the already existing 3.8 million square feet of industrial space within 2 miles of the Property, anchored by the JCPenney Logistics Center, which spans over 2 million square feet.

The Property benefits from a high-visibility location, positioned just feet from the ingress/egress to Interstate 70, which sees over 130,000 vehicles per day. Additionally, the Property sits at the signalized hard corner of Brice Rd and Tussing Rd, with a combined 45,000 vehicles per day. 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.

Columbus, Ohio has the 7th largest economy in the United States and had the fastest-growing population of any “big” city in America in 2023, with a 1.1%+ population gain. Much of the recent growth is attributed to Ohio's 0% State Corporate Income or Profits Tax. Major employers are drawn to this business-friendly environment. Fortune 500 companies such as Nationwide Mutual Insurance Company, with over 16,000 employees, and JP Morgan Chase, with more than 19,200 employees in 13 buildings, are some of the region's largest employers.