4548 E Main St | Columbus, OH 43213
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- LoopNet Team
4548 E Main St
Columbus, OH 43213
CVS 24-Hour | $13.65M Sales | Columbus, OH · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- CVS Pharmacy Double-Net Lease with 7.75 Years Remaining in Columbus, OH
- High-Performing Location – 18-19 Sales of $11.053M, 19-20 Sales of $12.208M; Sales are Up 11.9% Over T12 Month Period & 23.5% Over T24 Month Period
- Naked Lease – No Options Remaining and No Rent Holiday Giving Buyer Huge Leverage in Renegotiating Rent Upon Lease Expiration
- Massive Reported Sales - $13.655M ($1,083/SF) from Jun ’20 – May ’21, Low 1.98% Rent-to-Sales Ratio
- Rent Increase in Current Term – 8% Bump in June 2024 Takes CAP to 4.86% at List Price (+36 bps)
- 24-Hour Store (Pharmacy & Retail) with Drive-Thru & Two Points Ingress/Egress
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,327 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.40 AC
Parking
74 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 090-008255 | Improvements Assessment | $5,290 |
| Land Assessment | $108,960 | Total Assessment | $114,250 |
PROPERTY TAXES
Parcel Number
090-008255
Land Assessment
$108,960
Improvements Assessment
$5,290
Total Assessment
$114,250
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