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NN Freestanding CVS | Union, OH 124 S Main St 10,125 SF Retail Building Union, OH 45322 $3,233,755 CAD ($319.38 CAD/SF) 6.50% Cap Rate

Drug Stores Ohio 124 S Main St, Union, OH 45322

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Investment Highlights

  • STRATEGIC MAIN STREET LOCATION ALONG PRIMARY RETAIL CORRIDOR
  • 25+ YEARS OF CONTINUOUS OPERATIONS
  • STRATEGIC MAIN STREET LOCATION ALONG PRIMARY RETAIL CORRIDOR
  • BUILT-IN RENT GROWTH | 5% INCREASES IN OPTIONS
  • STABLE MIDWEST MSA | DAYTON ECONOMIC DRIVERS
  • BUILT-IN RENT GROWTH | 5% INCREASES IN OPTIONS

Executive Summary

Atlantic Capital Partners has been exclusively engaged to offer for sale CVS Pharmacy | Union, OH, a net-leased investment corporately guaranteed by CVS Health Corporation (NYSE: CVS). The asset generates $151,000 in annual NOI and features approximately 13 years of remaining lease term, providing investors with durable income backed by investment-grade corporate credit. CVS has operated at this location since 1998, with more than 25 years of continuous occupancy and long-term commitment to the site. The tenant further reinforced this commitment by exercising a 20-year lease extension in 2019, extending the current term through January 2039. The lease includes four (4) additional five-year renewal options with scheduled 5% rental increases, offering embedded income growth and long-term cash flow visibility.
The offering presents a compelling opportunity to acquire a necessity-based healthcare tenant with both duration and growth. Investors benefit from a strong in-place yield, contractual rent increases, and stabilizing exposure to the Dayton MSA, anchored by Wright-Patterson Air Force Base (30,000+ employees), major healthcare systems, and a
diversified manufacturing base.

Attachments

Union, OH_CVS_6.50%

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
B
Year Built
1998
Price
$3,233,755 CAD
Price Per SF
$319.38 CAD
Cap Rate
6.50%
NOI
$210,201 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

Amenities

  • Signage
  • Drive Thru
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 10,125 SF
  • $20.76 CAD
  • Triple Net
  • Jan 2039

CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, and the CVS name followed the next year. Pharmacies were added to CVS stores in Cranston, Rhode Island, and the business later became part of CVS Health, which expanded the enterprise into retail pharmacy, prescription benefits, and related health services. CVS Pharmacy operates as a retail pharmacy chain with neighborhood, mail-order, and specialty pharmacy services, plus prescription delivery and savings support. The company sells over-the-counter medicines, beauty products, seasonal merchandise, and convenience foods, and offers in-store and virtual care through MinuteClinic and related services.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 10,125 SF $20.76 CAD Triple Net Jan 2039
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Property Taxes

Parcel Number M58-00102-0026 Improvements Assessment $391,413 CAD
Land Assessment $84,656 CAD Total Assessment $476,069 CAD

Property Taxes

Parcel Number
M58-00102-0026
Land Assessment
$84,656 CAD
Improvements Assessment
$391,413 CAD
Total Assessment
$476,069 CAD
(508) 272-0585

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40516271

  • Date on Market: 2026-05-13

  • Last Updated:

  • Address: 124 S Main St, Union, OH 45322

The Retail Property at 124 S Main St, Union, OH 45322 is currently available for Sale. Contact Atlantic Capital Partners for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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NN Freestanding CVS | Union, OH | 124 S Main St
(508) 272-0585 x

NN Freestanding CVS | Union, OH | 124 S Main St

Eric Suffoletto
(508) 272-0585

David Hoppe
(980) 498-3293

Mike Lucier
(704) 995-2850

Ben Olmstead
(704) 651-5953

Ben McCarter
(980) 337-4475

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