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955 N 21st St
Newark, OH 43055
CVS - Newark, OH · Retail Property For Sale
Investment Highlights
- Successful long term history at this location.
- No landlord responsibilities.
- CVS is Americas leading pharmacy.
- Ideal, management-free investment for a passive investor.
Executive Summary
• CVS has operated at this location for 25+ years
• Successful long-term history at this location; CVS recently exercised their second 5-year option, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by CVS Corporation, an investment grade (S&P:BBB), well-established tenant
• CVS is America’s leading retail pharmacy with nearly 216,000 employees and 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks grocery stores
• Successful long-term history at this location; CVS recently exercised their second 5-year option, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by CVS Corporation, an investment grade (S&P:BBB), well-established tenant
• CVS is America’s leading retail pharmacy with nearly 216,000 employees and 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks grocery stores
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,242 SF
Building Class
B
Year Built
1998
Price
$2,515,000
Price Per SF
$245.56
Cap Rate
5%
NOI
$125,730
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.75 AC
Zoning
C - Commerical
Parking
90 Spaces (8.79 Spaces per 1,000 SF Leased)
Frontage
107’ on N 21st St
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 054-259398-00.000 | Improvements Assessment | $352,490 |
| Land Assessment | $336,880 | Total Assessment | $689,370 |
Property Taxes
Parcel Number
054-259398-00.000
Land Assessment
$336,880
Improvements Assessment
$352,490
Total Assessment
$689,370
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