1805 S Limestone St
Springfield, OH 45505
Retail Property For Sale

Marcus & Millichap is pleased to present this Rite Aid drug store located in Springfield, Ohio. The property was built in 1999 with a total of 11,180 square feet gross leasable area and is situated on approximately one acre of land right off of South Limestone Street and East Singer Street. The property provides 50 parking spaces and a drive through pharmacy. The surrounding area features national tenants including: Advance Auto Parts, Rent-A-Center, Taco Bell, PNC Bank, Dunkin Donuts, Walgreens, Kroger, Family Dollar and National City Bank. The property is surrounded by apartment communities, early childhood education centers, a vocational school, an elementary school and more. The parcel is strategically located off Highway 72. The 72 is the major north/south connector between downtown Springfield and Interstate 70. The average daily traffic count on Highway 72 is 36,000+ vehicles per day. Rite Aid benefits from below market rents creating the opportunity for future re-tenanting at market price. Rite Aid has been operating at this location for over 17 years. Rite Aid currently has approximately six years remaining on the lease term. The lease is double net and leaves the roof and structure as landlord responsibilities. There are five, five-year options with increases.