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27925293
27925294

60 N Stygler Rd, Gahanna, OH 43230

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$3,930,140
223 days on market
Updated 15 days ago

CVS Pharmacy

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 11,180
Cap Rate 6.9%
NOI $271,180
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NN
Lease Term 30.8
Lease Expiration 12/05/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options Four (4), 5-Year Options
Price per SqFt $352
Year Built 1995
Buildings 1
Acreage 1.400
Zoning CC
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 02/17/1998
Ownership Fee Simple

CVS w/ Health Hub Minute Clinic

Marketing description

Introducing **CVS PHARMACY** located at **60 N Stygler Rd, Gahanna, OH 43230**. This retail property is now available for sale, presenting a unique investment opportunity. With a sale price of $3,930,140 and a solid CAP rate of 6.9%, this property offers a steady NOI of $271,180.

The 11,180 SF building on 1.4 acres of land features a long-standing tenant commitment of over 27 years and a high-visibility corner location at a signalized intersection, ensuring strong traffic exposure with daily counts exceeding 28,623 vehicles. Benefiting from a dominant retail corridor, this property is surrounded by national tenants driving consistent consumer traffic.

Additionally, the area boasts a strong demographic profile with 9,059 people within a 1-mile radius and an average household income of $102,991. Don't miss this opportunity to invest in a property with a trusted tenant and a prime location in a thriving retail hub.

Investment highlights

  • Long-Term Commitment to the Site: Tenant has over 27 years at this location

  • High-Visibility Corner Location: Positioned at the signalized intersection of Agler Road and North Stygler Road

  • Strong Traffic Exposure: Prominent frontage and signage along Agler Road and North Stygler Road, with combined daily traffic counts exceeding 28,623 vehicles

  • New Roof Installed in 2022

  • Solid Demographics: 9,059 people within a 1 mile radius | 59,983 people within 3 mile radius

  • Strong Household Income: Average household income is $102,991 within a 1 mile radius

  • Dominant Retail Corridor – Surrounded by national tenants including Little Caesars, Advance Auto Parts, AutoZone, Dollar Tree, O'Reilly Auto Parts, Tim Hortons, McDonald's, Family Dollar, and others, driving consistent cross-shopping and consumer traffic

Listing Contacts

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
DS
MI 6501387591
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$271,180.00
$22,598.33/mo

Valuation Metrics

0
DSCR
6.9%
Cap Rate
6.9%
ROI

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Additional Information

Name
Deno Bistolarides
License
BRKP.2020008390
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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