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CVS - Newark, OH 955 N 21st St 10,242 SF Retail Building Newark, OH 43055 $3,464,664 CAD ($338.28 CAD/SF) 5% Cap Rate
Investment Highlights
- Successful long term history at this location.
- No landlord responsibilities.
- CVS is Americas leading pharmacy.
- Ideal, management-free investment for a passive investor.
Executive Summary
• CVS has operated at this location for 25+ years
• Successful long-term history at this location; CVS recently exercised their second 5-year option, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by CVS Corporation, an investment grade (S&P:BBB), well-established tenant
• CVS is America’s leading retail pharmacy with nearly 216,000 employees and 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks grocery stores
• Successful long-term history at this location; CVS recently exercised their second 5-year option, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by CVS Corporation, an investment grade (S&P:BBB), well-established tenant
• CVS is America’s leading retail pharmacy with nearly 216,000 employees and 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks grocery stores
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,242 SF
Building Class
B
Year Built
1998
Price
$3,464,664 CAD
Price Per SF
$338.28 CAD
Cap Rate
5%
NOI
$173,206 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.75 AC
Zoning
C - Commerical
Parking
90 Spaces (8.79 Spaces per 1,000 SF Leased)
Frontage
107’ on N 21st St
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 054-259398-00.000 | Improvements Assessment | $490,867 CAD |
| Land Assessment | $469,129 CAD | Total Assessment | $959,996 CAD |
Property Taxes
Parcel Number
054-259398-00.000
Land Assessment
$469,129 CAD
Improvements Assessment
$490,867 CAD
Total Assessment
$959,996 CAD
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CVS - Newark, OH | 955 N 21st St
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