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1210 Wilmington Ave, New Castle, PA, 16105

Walgreens

$3,906,667

Key Information

Cap Rate
9%
Year Built
2005
Term Remaining
± 5.1 Years
Type
Retail
NOI
$351,600

Highlights

• Prime Medical Anchor Proximity — The site is positioned directly across from University of Pittsburgh Medical Center (UPMC) Jameson, capturing steady 24/7 traffic from medical staff (over 1,100 physicians and employees), specializing in cardiovascular, oncology, rehabilitation and bariatric care. For an investor, owning land adjacent to a major hospital preserves underlying value and keeps the site highly desirable for future healthcare or commercial use.
• Signalized Corner — Walgreens occupies a high-visibility corner along Wilmington Ave (PA-18) with multiple points of access, benefiting from drive-by traffic, easy access and maximum exposure. Sitting in a dense residential pocket (35k 3-mile pop.) and minutes from a main retail corridor, the signalized hard corner offers premium positioning and strong real estate fundamentals.
• Versatile Drive-Thru Pad — The location features an existing drive-thru lane supporting customer convenience while providing future re-tenanting upside for a medical user, outpatient clinic, or alternative retail concept. This gives the landlord built-in flexibility and immediate releasing potential if Walgreens ever vacates.
• Corporate Guarantee – The lease is fully backed by Walgreens Co. (S&P: BB-) and structured as an absolute NNN lease with 5 years of remaining term, providing an investor with dependable, high-yield cash flow and zero landlord responsibilities. This guaranteed income stream offers an easy, income-producing holding strategy while securing high-value hospital-adjacent land. Please contact broker reported store sales.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203