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1425 N 21st St 14,560 SF Retail Building Newark, OH 43055 $5,199,802 CAD ($357.13 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Located at the Northwest corner of N 21st St. and Goose Pond Rd
- Hard corner lighted intersection
- Corporate Guarantee
- Located in the heart of Newark and approximately 40 minutes from Columbus
- Immediate neighbors include Walmart, Kohl’s Kroger, McDonalds, Ohio St. University and more.
- Just extended lease showing commitment to the location
EXECUTIVE SUMMARY
Colliers is pleased to offer the opportunity to purchase a long-term Walgreens pharmacy in an irreplaceable location 40 minutes from Columbus, OH at 1425 N 21st Street. The site is at a lighted hard corner intersection that sees more than 30,000 cars per day.
The tenant has been in possession of the building since 2003. The location is on the main retail corner at a lighted intersection and immediately adjacent to a Walmart. Other nearby neighbors include, Kohl’s, Kroger, McDonalds, AutoZone, Panda Express, Taco Bell, Starbucks, Wendy’s and the Ohio State University.
The property is offered at $3,725,000 which translates to a 8.00% cap rate.
The tenant has been in possession of the building since 2003. The location is on the main retail corner at a lighted intersection and immediately adjacent to a Walmart. Other nearby neighbors include, Kohl’s, Kroger, McDonalds, AutoZone, Panda Express, Taco Bell, Starbucks, Wendy’s and the Ohio State University.
The property is offered at $3,725,000 which translates to a 8.00% cap rate.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2001
Price
$5,199,802 CAD
Price Per SF
$357.13 CAD
Cap Rate
8%
NOI
$415,984 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.00 AC
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 054-269904-00.004 | Improvements Assessment | $696,802 CAD |
| Land Assessment | $490,480 CAD | Total Assessment | $1,187,281 CAD |
PROPERTY TAXES
Parcel Number
054-269904-00.004
Land Assessment
$490,480 CAD
Improvements Assessment
$696,802 CAD
Total Assessment
$1,187,281 CAD
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1425 N 21st St
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