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1321 Delaware Ave
Marion, OH 43302
Walgreens: Marion, OH · Retail Property For Sale
Investment Highlights
- NNN Lease with Renewal Options
- 3.7 MSF of retail, 4.4 MSF of industrial and 2,142 multi-family units within a 3-mile radius of the site
- Approximately 41 miles north of Columbus
Executive Summary
CBRE is pleased to exclusively offer for sale the 14,751 square-foot Walgreens situated on 1.97 acres in Marion, OH - a component of the Columbus, Marion, Zanesville, OH CSA (population: 2.1M+). The site is subject to a ±13.4-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,751 SF
Building Class
C
Year Built
2007
Price
$4,104,000
Price Per SF
$278.22
Cap Rate
6.50%
NOI
$266,760
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.97 AC
Zoning
C-1 - Commerical Retail
Frontage
241’ on Delaware Avenue
Property Taxes
| Parcel Number | 14-3500000.500 | Improvements Assessment | $0 |
| Land Assessment | $22,870 | Total Assessment | $22,870 |
Property Taxes
Parcel Number
14-3500000.500
Land Assessment
$22,870
Improvements Assessment
$0
Total Assessment
$22,870
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