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Drug Mart & Dollar Tree 525 W Marion Rd 35,682 SF 100% Leased Retail Building Mount Gilead, OH 43338 $3,173,933 ($88.95/SF) 7.50% Cap Rate
Investment Highlights
- Long Term Tenants
- Attractive Rent Increases
- Outstanding Location
- Operating Cost Protection
- Corporate Leases
- Strong Real Estate Fundamentals
Executive Summary
Positioned along West Marion Street, Mount Gilead’s primary retail and commuter corridor, the Property benefits from a highly visible location within the community’s established commercial district. The Property is directly adjacent to Kroger, the area’s sole grocery provider, and is surrounded by a concentration of national retailers, dining options, and Morrow County Hospital, creating consistent consumer traffic and strong daily visitation to the immediate trade area. In addition, the Property offers convenient access to OH Routes 30, 61, and 95, as well as U.S. Route 42, providing efficient connectivity throughout Morrow County and direct access to the broader Columbus metropolitan region.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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- Triple Net
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Discount Drug Mart is a privately held retail and pharmacy chain headquartered in Medina, Ohio. Founded in 1969, the company opened its first store in Elyria and expanded throughout Ohio with a focus on combining pharmacy services with broad retail offerings. The organization operates stores that carry health and beauty items, household goods, groceries, seasonal merchandise, and professional medical equipment, alongside services such as bill payment, lottery sales, and postage transactions. The chain continues to emphasize convenience through its one-stop shopping model and by offering in-store clinics in partnership with regional healthcare providers. As an employee-owned company, it maintains a customer-focused approach rooted in affordability and accessibility.
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- Retailer
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Dollar Tree began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | - | Triple Net | - | |
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Retailer | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | G20-001-00-001-01 | Improvements Assessment | $639,380 |
| Land Assessment | $208,710 | Total Assessment | $848,090 |
Property Taxes
