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CVS - Columbus, OH 3499 Clime Rd 10,113 SF Retail Building Columbus, OH 43223 $2,482,153 CAD ($245.44 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease featuring no landlord obligations and rare scheduled rent increases throughout the primary term and all renewal options
- CVS has successfully operated at this location for more than two decades
- Leased to CVS Health Corporation (NYSE: CVS)
Executive Summary
Leased to CVS Health Corporation (NYSE: CVS), one of the nation's largest healthcare companies, providing durable cash flow backed by investment-grade corporate credit.
CVS has successfully operated at this location for more than two decades, demonstrating a long-term commitment to the site and surrounding trade area.
Columbus is anchored by The Ohio State University, more than a dozen colleges and universities, and a diverse employer base that includes Nationwide, Cardinal Health, Huntington Bancshares, JPMorgan Chase, American Electric Power, and numerous other Fortune 500 companies.
Located on a signalized hard corner within an established retail corridor serving more than 225,000 residents with average household incomes exceeding $94,000 within a five-mile radius.
Offered at an attractive basis relative to replacement cost, providing strong in-place yield today while preserving future upside through lease extension, repositioning, or redevelopment.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2033
CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2033 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,745,410 CAD | |
| Land Assessment | $2,429,918 CAD | Total Assessment | $4,175,327 CAD |
Property Taxes
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Christopher Wiener -
Levitt Mosley -
Atlantic Capital Partners
Presented by
CVS - Columbus, OH | 3499 Clime Rd
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