Log In/Sign Up
Your email has been sent.
CVS Pharmacy 1211 Morse Rd 10,812 SF Retail Building Columbus, OH 43229 $3,442,943 CAD ($318.44 CAD/SF) 6.75% Cap Rate
Executive Summary
This CVS Pharmacy, located in a high-traffic commercial corridor of Columbus, OH, offers investors a rare chance to acquire a single-tenant property with an absolute NNN lease. With 14 years remaining on the lease and a 6.0% CAP rate, the property provides stable, long-term cash flow with zero landlord responsibilities. Priced at $2,834,000 (approximately $269 PSF), this low-rent structure ensures a solid return on investment in one of Ohio's busiest retail areas.
This is an ideal acquisition for investors seeking a truly passive, long-term investment backed by a top-tier tenant. Contact us today for more information or to schedule a viewing!
This is an ideal acquisition for investors seeking a truly passive, long-term investment backed by a top-tier tenant. Contact us today for more information or to schedule a viewing!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,812 SF
Building Class
B
Year Built
2001
Price
$3,442,943 CAD
Price Per SF
$318.44 CAD
Cap Rate
6.75%
NOI
$232,399 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.08 AC
Zoning
C-1 - Neighborhood Commercial
Parking
50 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,812 SF
- $21.49 CAD
- Triple Net
- Jul 2038
CVS Pharmacy began in 1963 in Lowell, Massachusetts, as a health and beauty product retailer. The company expanded into pharmacy services in 1967 and grew through acquisitions to become a national healthcare provider. Today, CVS operates numerous retail pharmacy locations and walk-in clinics across the United States. The company also offers pharmacy benefit management services and health insurance products through various subsidiaries. CVS has established a significant presence in the healthcare sector by integrating retail, clinical, and insurance services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,812 SF | $21.49 CAD | Triple Net | Jul 2038 |
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-015668 | Improvements Assessment | $610,376 CAD |
| Land Assessment | $278,795 CAD | Total Assessment | $889,171 CAD |
Property Taxes
Parcel Number
010-015668
Land Assessment
$278,795 CAD
Improvements Assessment
$610,376 CAD
Total Assessment
$889,171 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
CVS Pharmacy | 1211 Morse Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.