Listed by American Investment Properties
$3,571,400
CVS in Gahanna, Ohio
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 10,443
Cap Rate 7%
NOI $250,000
Occupancy 100%
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type NNN
Rent Bumps Yes
Lease Options (4) 5-Year Options to Extend
Price per SqFt $342
Class B
Year Built 2005
Buildings 1
Stories 1
Lot Size (SqFt) 58,370
Zoning CC
Parking Spaces 60 spaces
Parking Per SqFt 5.75
Tenant Credit Corporate Guarantee
Ground Lease Yes
NNN Ground Lease - Corporately Guaranteed
Marketing description
American Investment Properties is retained to sell the property located at 900-906 N Hamilton Rd, Gahanna, Ohio. At this location is a NNN ground lease corporately guaranteed CVS pharmacy.
There is amply on-site parking and this building sits on 1.34 acres of land.
Investment highlights
• For Sale: CVS Pharmacy in Gahanna, OH
• Investment Grade Tenant - Corporately Guaranteed Lease
• NNN Ground Lease - No Landlord Responsibilities
• On Site-Parking and High Traffic Counts
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,000.00
$20,833.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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