3032 North Ridge Road East, Ashtabula, OH 44004

Discount Drug Mart Plaza — Ashtabula, OH | $3,200,000 | 8.33% Cap | 100% Leased

• Recession-resistant essential retail — pharmacy/drug-store anchor delivering daily-needs goods and prescription services, an internet-insulated use that drives consistent in-store traffic
• Credit-quality regional anchor — Discount Drug Mart, an employee-owned (ESOP) chain founded in 1969 with ~79 Ohio stores and ~4,700 employees; consistently a top-10 U.S. drug chain by sales and locations
• Long-term, proven tenancy — DDM operating on-site since 1999 (Store #60) with 25+ years of tenure; store sales grew 13% from 2023 to 2024 and have held at the elevated level
• Low, well-covered occupancy cost — DDM base rent is only ~4.4% of 2024 store sales ($5.34M), strongly supporting renewal; eight 5-year renewal options remain
• 100% leased to two tenants — DDM (78.6% GLA, NNN, expires 3/31/2030) plus Panda Buffet (21.4% GLA, 16-year tenancy, gross lease)
• Dominant signalized hard corner — ±20,700 VPD at the corner, directly across from Ashtabula Towne Square and adjacent to Walmart Supercenter, ALDI, and Harbor Freight
• Attractive basis — $105/SF on ±30,426 SF across 2.72 acres, with recent capital improvements (parking lot repairs, tenant-replaced HVAC)
• Projected 2026 NOI of $266,526 on a stabilized, net-leased income stream