209-219 Mansfield Ave
Shelby, OH 44875
Shelby Discount Drug Mart Plaza · Retail Property For Sale

Luttner Passov Investment Group has been exclusively retained by Ownership to sell the 100% interest in the 36,596 square foot Discount Drug Mart Plaza located in Shelby, Ohio. The site is located at the corner of Mansfield Avenue and Lamplighter Ln. just outside of Downtown Shelby and nearby other retailers such as McDonald’s, Wendy’s, IGA Foods, Advance Auto Parts and a number of large auto dealerships. In addition to Discount Drug Mart with a lease that expires 3/31//2028, the plaza also includes Verizon Wireless, Snap Fitness, a Chinese restaurant, and Allstate Insurance. All of the ancillary tenants have leases that go through 2021 or beyond. Discount Drug Mart has nearly 10 years remaining on their lease with options and accounts for more than 80% of the total income of the plaza. Discount Drug Mart, Inc. is a privately held Ohio based drug store chain that opened its first store in 1969. Since that time, Discount Drug Mart has established stores in over 20 Ohio counties and currently operates 73 stores throughout Ohio and recorded revenues in 2016 of $667 Million up from $618 Million in 2016. The company is also expanding throughout Ohio.