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CVS Pharmacy 1211 Morse Rd 10,812 SF Retail Building Columbus, OH 43229 $2,518,520 ($232.94/SF) 6.75% Cap Rate

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EXECUTIVE SUMMARY

This CVS Pharmacy, located in a high-traffic commercial corridor of Columbus, OH, offers investors a rare chance to acquire a single-tenant property with an absolute NNN lease. With 14 years remaining on the lease and a 6.0% CAP rate, the property provides stable, long-term cash flow with zero landlord responsibilities. Priced at $2,834,000 (approximately $269 PSF), this low-rent structure ensures a solid return on investment in one of Ohio's busiest retail areas.
This is an ideal acquisition for investors seeking a truly passive, long-term investment backed by a top-tier tenant. Contact us today for more information or to schedule a viewing!

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,812 SF
Building Class
B
Year Built
2001
Price
$2,518,520
Price Per SF
$232.94
Cap Rate
6.75%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.08 AC
Zoning
C-1 - Neighborhood Commercial
Parking
50 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
187’ on Maize Rd

AMENITIES

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 10,812 SF
  • $15.72
  • Triple Net
  • Jul 2038

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 10,812 SF $15.72 Triple Net Jul 2038
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

PNC Bank
Huntington National Bank
Park National Bank
Chase Bank
Fifth Third Bank
Rent-A-Center
Tim Hortons
Starbucks
Kroger
First Merchants Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010-015668
Land Assessment
$204,820
Improvements Assessment
$448,420
Total Assessment
$653,240
  • Listing ID: 33284485

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 1211 Morse Rd, Columbus, OH 43229

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