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NNN Freestanding CVS | Union, OH 124 S Main St 10,125 SF Retail Building Union, OH 45322 $3,019,427 CAD ($298.22 CAD/SF) 6.85% Cap Rate

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Investment Highlights

STRATEGIC MAIN STREET LOCATION ALONG PRIMARY RETAIL CORRIDOR
25+ YEARS OF CONTINUOUS OPERATIONS

BUILT-IN RENT GROWTH | 5% INCREASES IN OPTIONS

Executive Summary

LONG-TERM LEASE WITH 13 YEARS REMAINING
- ?CVS exercised a 20-year lease extension in 2019, extending the current term through 2039 and demonstrating long-term commitment to the location
INVESTMENT-GRADE CORPORATE GUARANTOR (S&P: BBB)
- ?Leased to CVS Health Corporation (NYSE: CVS), one of the largest healthcare companies in the U.S. with 9,000+ locations and strong credit backing
25+ YEARS OF CONTINUOUS OPERATIONS
? - CVS has successfully operated at this location since 1998, underscoring sustained store-level performance and entrenched market presence
STABLE MIDWEST MSA | DAYTON ECONOMIC DRIVERS
- ?Located within the Dayton-Kettering MSA, anchored by Wright-Patterson Air Force Base (~30,000 employees), major healthcare systems, and a diversified manufacturing base
STRATEGIC MAIN STREET LOCATION ALONG PRIMARY RETAIL CORRIDOR
- ?Situated along S. Main Street (OH-48), the primary north-south retail corridor serving Union and surrounding communities, with approximately 14,800 vehicles per day
BUILT-IN RENT GROWTH | 5% INCREASES IN OPTIONS
- ?The lease includes four (4) five-year renewal options with 5% rental increases, providing contractual income growth

Union, OH_CVS_6.85%

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

10,125 SF

Building Class

Year Built

1998

Price

$3,019,427 CAD

Price Per SF

$298.22 CAD

Cap Rate

6.85%

NOI

$206,831 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

1.50 AC

Zoning

C-1, Union - Commercial

Parking

38 Spaces (3.75 Spaces per 1,000 SF Leased)

Frontage

144’ on Main St

Signage

Drive Thru

Air Conditioning

Major Tenants

Retailer
10,125 SF
$20.42 CAD
Triple Net
Jan 2039

CVS Health construit un monde de santé autour de chaque consommateur. Leur portée inégalée leur permet d'offrir des soins de santé abordables et de haute qualité au moment et de la manière dont les individus le souhaitent. Ils ont pour mission d'offrir des expériences supérieures et plus connectées, de réduire le coût des soins et d'améliorer la santé et le bien-être des personnes qu'ils servent. En tant que chef de file dans le domaine des solutions de santé, elle offre de multiples canaux d'accès aux soins de santé à l'échelle locale et nationale. Leur forte présence communautaire, leur approche avant-garDISTE et leur engagement inégalé auprès de millions de personnes leur permettent de fournir des soins de santé de haute qualité, personnalisés et abordables. Guidé par son objectif, CVS Health® construit un monde entier de soins de santé autour de chaque personne qu'elle sert, peu importe où elle se trouve dans son parcours. Ils écoutent, font preuve d'empathie et offrent des solutions novatrices qui répondent aux besoins uniques des gens et gagnent leur fidélité. Parce que la façon dont ils fournissent leurs services est tout aussi importante que ce qu'ils fournissent.