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1829 N Clinton St, Defiance, OH, 43512

Walgreens
$3,540,294

Key Information

Cap Rate
8.5%
$ per SF
$238
Tot. SF
14,820
Lot Size
1.46 Acres
Term Remaining
± 4.75 Years
Type
Retail
NOI
$300,925

Highlights

  • Northtowne Mall Corridor Location – Adjacent to Northtowne Mall, Defiance’s dominant retail hub spanning 620,000+ SF, this Walgreens benefits from exceptional co-tenancy alongside Walmart, Lowe’s, Marshalls, Hobby Lobby, and numerous national retailers, positioning the property at the center of the area’s primary shopping destination.
  • Healthcare-Driven Demand – Located less than one mile from ProMedica Defiance Regional Hospital, a Level III Trauma Center operated by ProMedica Health System, the property is strategically positioned to serve the area’s steady flow of patients, medical staff, and visitors.
  • Historic Economic ExpansionDefiance is undergoing unprecedented economic growth led by First Quality Tissue’s $984 million manufacturing facility, the largest investment in Defiance County history, expected to create 400+ jobs by 2032. Additional regional investments include General Motors’s $55 million foundry reinvestment, MetalX’s $253 million aluminum facility, and DECKED’s 150,000 SF expansion, collectively strengthening the area’s long-term employment and consumer base.
  • Primary Chain Pharmacy in the Market – As the only national chain drugstore serving Defiance, this Walgreens operates as the area’s dominant full-service pharmacy for more than 22,000 residents within a five-mile radius, with no CVS Pharmacy or Rite Aid within approximately 15 miles.
  • Exceptional Visibility & Accessibility – Situated at the signalized intersection of N. Clinton Street and Hwy 24, the property benefits from traffic exposure exceeding 40,000 vehicles per day, offering premier visibility within Defiance’s primary commercial corridor.
  • Senior Housing & Assisted Living Demand – Located within close proximity to Legacy Living Defiance and Brookview Healthcare Center, the property benefits from stable, healthcare-oriented demand generated by residents, caregivers, medical professionals, and visiting family members.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # BRKP.2024002419
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113