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CVS Oak Street Health 3100 Cleveland Ave 11,500 SF Retail Building Columbus, OH 43224 $3,062,336 ($266.29/SF) 7% Cap Rate
Investment Highlights
- Long-Term Commitment to the Site with the Tenant Occupying this Location for Over 30 Years
- Positioned at the Signalized Intersection of Oakland Park Ave (11,000+ VPD) and Cleveland Ave (21,800+ VPD)
- New Roof Installed in 2017
- Lease Supports Three (3), 5-Year Options with Increases in Each Option
- Easily Accessible with Multiple Access Points and Ample Parking Spaces
- Situated within a Retail Corridor Surrounded by National Retailers Including McDonald's, Popeye's, Taco Bell, Wendy's, and KFC
Executive Summary
CVS Recently Exercised 5-Year Renewal Option Without Rent Reduction
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
11,500 SF
Building Class
B
Year Built
1975
Price
$3,062,336
Price Per SF
$266.29
Cap Rate
7%
NOI
$214,364
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.00 AC
Zoning
C, Commercial
Parking
44 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $653,070 | |
| Land Assessment | $121,700 | Total Assessment | $774,770 |
Property Taxes
Parcel Numbers
Land Assessment
$121,700
Improvements Assessment
$653,070
Total Assessment
$774,770
Contacts
-
Deno Bistolarides -
Brandon Hanna -
Danny Samona -
Encore Real Estate Investment Services
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