124 S Main St - Drug Store FOR SALE


Union, OH 45322
$2,323,000 USD
508-272-0585
124 S Main St, Union, OH for Sale
$2,323,000 USD
Drug Store - FOR SALE
1/3
null | 6.5% Cap Rate

124 S Main St
Union, OH 45322


HIGHLIGHTS

  • STRATEGIC MAIN STREET LOCATION ALONG PRIMARY RETAIL CORRIDOR
  • BUILT-IN RENT GROWTH | 5% INCREASES IN OPTIONS
  • 25+ YEARS OF CONTINUOUS OPERATIONS
  • STABLE MIDWEST MSA | DAYTON ECONOMIC DRIVERS
  • STRATEGIC MAIN STREET LOCATION ALONG PRIMARY RETAIL CORRIDOR
  • BUILT-IN RENT GROWTH | 5% INCREASES IN OPTIONS

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to offer for sale CVS Pharmacy | Union, OH, a net-leased investment corporately guaranteed by CVS Health Corporation (NYSE: CVS). The asset generates $151,000 in annual NOI and features approximately 13 years of remaining lease term, providing investors with durable income backed by investment-grade corporate credit. CVS has operated at this location since 1998, with more than 25 years of continuous occupancy and long-term commitment to the site. The tenant further reinforced this commitment by exercising a 20-year lease extension in 2019, extending the current term through January 2039. The lease includes four (4) additional five-year renewal options with scheduled 5% rental increases, offering embedded income growth and long-term cash flow visibility. The offering presents a compelling opportunity to acquire a necessity-based healthcare tenant with both duration and growth. Investors benefit from a strong in-place yield, contractual rent increases, and stabilizing exposure to the Dayton MSA, anchored by Wright-Patterson Air Force Base (30,000+ employees), major healthcare systems, and a diversified manufacturing base.

FOR SALE DETAILS

PRICE

$2,323,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NN Freestanding CVS | Union, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C-1, Union

APN/PARCEL ID

M58-00102-0026

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.