Details
Investment Highlights
Description
Walgreens is located at the signalized, hard corner intersection of Turney Rd and McCracken, averaging a combined 27,700 vehicles passing by daily. The asset benefits from nearby on/off ramp access to Interstate 480 (148,900 VPD), the primary commuter thoroughfare traveling throughout Garfield Heights. In addition, the subject property is within close proximity to a variety of national/ credit tenants including The Home Depot, Rite Aid, Aldi, SaveA-Lot, Giant Eagle, Planet Fitness, Family Dollar, Dollar Tree, and more, increasing consumer draw to the immediate trade area. Moreover, Walgreens is located just 1 mile west of Cleveland Clinic – Marymount Hospital, a 315-registered bed acute care hospital, serving communities in southern and southeastern Cuyahoga County. The 26-acre hospital campus includes a medical office building, a behavioral health center, the Critical Care Tower, and a state-of-the-art Surgery Center. The property is surrounded by several housing communities including The Village at Marymount, Saxony (202 units), Ridgeview (113 units), and Granger Court (65 units), providing the pharmacy with a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 207,000 residents and 133,500 daytime employees with an average household income of $60,000.