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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
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!
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
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 Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| 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)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-015668 | Improvements Assessment | $448,420 |
| Land Assessment | $204,820 | Total Assessment | $653,240 |
Property Taxes
Parcel Number
010-015668
Land Assessment
$204,820
Improvements Assessment
$448,420
Total Assessment
$653,240
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CVS Pharmacy | 1211 Morse Rd
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