106 Milan Ave - Drug Store FOR SALE
Norwalk, OH 44857 |
$2,584,000 USD
248-702-0288
106 Milan Ave
Norwalk, OH 44857
HIGHLIGHTS
- Absolute Net Lease: ZERO landlord responsibilities
- Long-Term Operating History: CVS has operated at the subject property since 1999, demonstrating more than 25 years of commitment
- Significant Rent Growth In First Renewal Option: Lease features ten (10), five-year renewal options
- Established Retail Corridor: The property is positioned along Milan Avenue, one of Norwalk’s primary commercial corridors
- Surrounded by National Retailers: The property benefits from proximity to a strong concentration of national retailers and restaurants
- Signalized Intersection: The property is strategically positioned near the signalized intersection of Milan Avenue and E. League Street
FOR SALE DETAILS
PRICE
$2,584,000 USD
PRICE/SF
$256 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,161 SF
ZONING
C-1
APN/PARCEL ID
33-0290-03-014-0000,33-0290-03-015-0000,33-0290-03-016-0000,33-0290-03-018-0000
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248-702-0288
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248-702-0288
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