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CVS 106 Milan Ave 10,112 SF Retail Building Norwalk, OH 44857 $3,579,383 CAD ($353.97 CAD/SF) 6% Cap Rate

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Investment Highlights

Absolute Net Lease: ZERO landlord responsibilities
Significant Rent Growth In First Renewal Option: Lease features ten (10), five-year renewal options
Surrounded by National Retailers: The property benefits from proximity to a strong concentration of national retailers and restaurants

Long-Term Operating History: CVS has operated at the subject property since 1999, demonstrating more than 25 years of commitment
Established Retail Corridor: The property is positioned along Milan Avenue, one of Norwalk’s primary commercial corridors
Signalized Intersection: The property is strategically positioned near the signalized intersection of Milan Avenue and E. League Street

Executive Summary

Absolute Net Lease: ZERO landlord responsibilities.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

10,112 SF

Building Class

Year Built

2000

Price

$3,579,383 CAD

Price Per SF

$353.97 CAD

Cap Rate

NOI

$214,708 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.48

Lot Size

0.49 AC

Zoning

C-1

Parking

38 Spaces (4.22 Spaces per 1,000 SF Leased)

Frontage

185’ on Milan Ave

Pylon Sign

Signalized Intersection

Property Taxes

Parcel Numbers	Multiple 33-0290-03-018-0000 33-0290-03-016-0000 33-0290-03-015-0000 33-0290-03-014-0000	Improvements Assessment	$297,834 CAD
Land Assessment	$50,145 CAD	Total Assessment	$347,979 CAD