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106 Milan Ave
Norwalk, OH 44857
CVS · Retail Property For Sale
Investment Highlights
- Absolute Net Lease: ZERO landlord responsibilities
- Significant Rent Growth In First Renewal Option: Lease features ten (10), five-year renewal options
- Surrounded by National Retailers: The property benefits from proximity to a strong concentration of national retailers and restaurants
- Long-Term Operating History: CVS has operated at the subject property since 1999, demonstrating more than 25 years of commitment
- Established Retail Corridor: The property is positioned along Milan Avenue, one of Norwalk’s primary commercial corridors
- Signalized Intersection: The property is strategically positioned near the signalized intersection of Milan Avenue and E. League Street
Executive Summary
Absolute Net Lease: ZERO landlord responsibilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,112 SF
Building Class
C
Year Built
2000
Price
$2,584,000
Price Per SF
$255.54
Cap Rate
6%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.49 AC
Zoning
C-1
Parking
38 Spaces (4.22 Spaces per 1,000 SF Leased)
Frontage
185’ on Milan Ave
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $215,010 | |
| Land Assessment | $36,200 | Total Assessment | $251,210 |
Property Taxes
Parcel Numbers
Land Assessment
$36,200
Improvements Assessment
$215,010
Total Assessment
$251,210
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