Bryan, OH

Price: $ 3,499,999
CAP Rate: 10.00%
NOI: $ 349,999
Lease Term Remaining Before Options: 6 Years 10 Months
Investment Highlights
  • The city operates two industrial parks which span a total of 168 acres. There is approximately 2.1 million square feet of manufacturing/industrial space within a 2-mile radius of the property.
  • Spangler Candy Company (±500 Employees) and Bard Manufacturing (±200 Employees) have both called Bryan home since the 1900s and have played a significant role in the local economy.
  • Walgreens firm lease term runs through July 31, 2032 before their first cancellation option.  All building and property expenses are paid directly by Walgreens and there are zero landlord responsibilities whatsoever.
  • This is the only Walgreens serving the city of Bryan with the next nearest Walgreens property being approximately 15 miles away.
Offering Summary

We are pleased to offer for sale the Walgreens property located at 403 South Main Street, Bryan, OH 43506 (the “Property”). The lease is structured as an absolute triple-net (NNN) with no landlord responsibilities and Walgreens first option to cancel the lease is July 31, 2032.

 

The Property is situated near West High Street, a primary commercial corridor in Bryan with direct access to U.S. Route 6 and proximity to the city’s industrial zones. Bryan operates two industrial parks totaling 168 acres, and there is approximately 2.1 million square feet of manufacturing and industrial space within a two-mile radius of the Property. This concentration of industrial activity supports consistent daytime traffic and a stable employment base.

 

Bryan is home to the headquarters of Spangler Candy Company and Bard Manufacturing, both of which have operated in the city since the early 1900s. Spangler employs approximately 500 people and is known nationally for its Dum Dums and candy canes, while Bard employs around 200 and specializes in HVAC systems for commercial and institutional use. These companies contribute significantly to the local economy and reinforce the city’s industrial identity.

Price: $ 3,499,999
CAP Rate: 10.00%
NOI: $ 349,999
Lease Term Remaining Before Options: 6 Years 10 Months