Investment Highlights
This net-leased CVS Pharmacy is strategically positioned at the heart of a major commercial and residential redevelopment initiative in Trotwood, Ohio, part of the Dayton MSA. The property comprises a 10,722-square-foot building with approximately 12 years remaining on the original lease term. CVS demonstrated its long-term commitment to this location by executing an early lease renewal in October 2011, converting the remaining 4-year term into a 25-year absolute NNN lease. The lease includes five (5) additional five-year renewal options, providing investors with stable, long-term cash flow.
CVS has operated at this location since 1996, and the early renewal—supported by strong historical sales performance—reinforces the site's operational success. The lease now runs through 2037, offering a secure and predictable income stream. Notably, the current ownership completed a new roof installation in 2020, which comes with a transferable warranty, minimizing near-term capital expenditures.
Location Overview
The property is situated at the signalized intersection of Main Street and Olive Road, ensuring excellent visibility and accessibility with dual curb cuts for convenient ingress and egress. The surrounding area is undergoing a significant transformation, with several major industrial and multifamily developments currently under construction. These projects are expected to generate hundreds of new jobs and drive substantial population growth, directly benefiting retail traffic at this CVS location.
Nearby national retailers—Target, Home Depot, Lowe’s, Burlington, and others—contribute to a strong regional retail corridor, reinforcing the site's strategic positioning and long-term value.