1300 Wilmington Ave
Dayton, OH 45420
CVS For Sale | Strong Sales | Increases | $2M · Retail Property For Sale

Pharma Property Group is pleased to present the opportunity to purchase a CVS with approximately 4.5 years of lease term remaining on a double net lease with landlord responsible for roof and structure. CVS has 3 (5 year) options to extend with ±3.5% increases at each of the options. Rent bumps to $151,875 in 2024. CVS recently exercised their option in 2018 and lease income is guaranteed by CVS Corporate (S&P BBB+, NASDAQ CVS). This location has healthy real estate fundamentals with a modest rent per square foot of $14.50 and a price per square foot of $220. This location has over 20 years of operating history and an established customer base with above average sales which are verified in annual tenant sales reports provided to landlord. There is a Rite Aid directly across the street from this CVS making this a strategic corner for both Rite Aid and CVS. The subject property is an outparcel to Breinstenstrater Square, a 71,400 square foot shopping center anchored by Chase Bank, Sav-a-Lot, Family Dollar, Fifth Third Bank, Goodwill, and T Mobile. The average household income is $64,159 in a five-mile radius and the total population count is 212,714 residents in a five-mile radius. The subject property is located on the southeast corner of Wilmington Avenue (±26,514 VPD) and Patterson Road (±11,187 VPD) with combined daily traffic counts of over 37,700 vehicles per day. This location benefits from the presence of various large employers including the University of Dayton, Miami Valley Hospital, Kettering Medical Center, and Wright-Patterson Air Force Base.