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Drug Mart & Dollar Tree 525 W Marion Rd 35,682 SF 100% Leased Retail Building Mount Gilead, OH 43338 $4,419,924 CAD ($123.87 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Long Term Tenants
- Attractive Rent Increases
- Outstanding Location
- Operating Cost Protection
- Corporate Leases
- Strong Real Estate Fundamentals
Executive Summary
Positioned along West Marion Street, Mount Gilead’s primary retail and commuter corridor, the Property benefits from a highly visible location within the community’s established commercial district. The Property is directly adjacent to Kroger, the area’s sole grocery provider, and is surrounded by a concentration of national retailers, dining options, and Morrow County Hospital, creating consistent consumer traffic and strong daily visitation to the immediate trade area. In addition, the Property offers convenient access to OH Routes 30, 61, and 95, as well as U.S. Route 42, providing efficient connectivity throughout Morrow County and direct access to the broader Columbus metropolitan region.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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- Triple Net
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Discount Drug Mart is a privately held retail and pharmacy chain headquartered in Medina, Ohio. Founded in 1969, the company opened its first store in Elyria and expanded throughout Ohio with a focus on combining pharmacy services with broad retail offerings. The organization operates stores that carry health and beauty items, household goods, groceries, seasonal merchandise, and professional medical equipment, alongside services such as bill payment, lottery sales, and postage transactions. The chain continues to emphasize convenience through its one-stop shopping model and by offering in-store clinics in partnership with regional healthcare providers. As an employee-owned company, it maintains a customer-focused approach rooted in affordability and accessibility.
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- Retailer
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Dollar Tree began with a variety store in Norfolk, Virginia, in the 1950s and later emerged as a dollar-store chain under the Only $1.00 banner in the 1980s. The business changed its name to Dollar Tree Stores in the 1990s, went public soon after, and later expanded further through acquisitions that included Family Dollar. Today, the company operates a wide network of stores across the United States and Canada, and its merchandise spans housewares, cleaning supplies, food and snacks, health and beauty items, toys, gifts, party supplies, stationery, and seasonal décor.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | - | Triple Net | - | |
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Retailer | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | G20-001-00-001-01 | Improvements Assessment | $891,347 CAD |
| Land Assessment | $290,958 CAD | Total Assessment | $1,182,305 CAD |
Property Taxes
Presented by
Drug Mart & Dollar Tree | 525 W Marion Rd
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