Walgreens

Lancaster is a vibrant city in Fairfield County, located just 30 miles southeast of Columbus, Ohio’s capital and fastest-growing metro area. With a population of over 40,000, Lancaster serves as a regional hub for commerce, healthcare, and education in Southeast Ohio. Its location along U.S. Route 33 offers direct access to the greater Columbus area and draws both local and through traffic. The city’s economy is supported by healthcare, manufacturing, retail, and logistics, with major employers including Fairfield Medical Center, Anchor Hocking, and the Lancaster City School District. A growing mix of national retailers and service providers supports both the local and surrounding rural communities. Lancaster also offers cultural and historic attractions such as the Fairfield County Courthouse, Georgian Museum, and Ohio Glass Museum. The downtown area has experienced steady revitalization, with new small businesses, restaurants, and public investment. With strong economic fundamentals and proximity to Columbus, Lancaster continues to offer long-term appeal for residents and businesses alike.The Kase Group is pleased to present an exceptional opportunity to acquire a Walgreens property located in Lancaster, Ohio. The asset is secured by a 25-year Absolute NNN Lease with zero landlord responsibilities. The lease commenced in April 2005 and is set to expire in May 2030, with ten, 5-year renewal options, providing significant long-term stability. The property benefits from a prime retail location in one of Lancaster’s most established and commercially active corridors, with 19,282 vehicles per day (VPD) traveling along East Main Street. The surrounding trade area features a strong mix of national retailers, essential services, and educational institutions. Nearby brands and service providers include Kroger, Advance Auto Parts, McDonald’s, Burger King, and Taco Bell, all contributing to consistent daily traffic and consumer demand. Healthcare services are anchored by Fairfield Medical Center and OhioHealth Physician Group, which help sustain a stable daytime population. Educational institutions in close proximity include Lancaster High School (1,700 students) and East Elementary School (450 students).