124 S Main St - Drug Store FOR SALE


Union, OH 45322
$2,416,000 USD
508-272-0585
124 S Main St, Union, OH for Sale
$2,416,000 USD
Drug Store - FOR SALE
1/4
null | 6.25% 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

OVERVIEW

LONG-TERM LEASE WITH 13 YEARS REMAINING - ?CVS exercised a 20-year lease extension in 2019, extending the current term through 2039 and demonstrating long-term commitment to the location INVESTMENT-GRADE CORPORATE GUARANTOR (S&P: BBB) - ?Leased to CVS Health Corporation (NYSE: CVS), one of the largest healthcare companies in the U.S. with 9,000+ locations and strong credit backing 25+ YEARS OF CONTINUOUS OPERATIONS ? - CVS has successfully operated at this location since 1998, underscoring sustained store-level performance and entrenched market presence STABLE MIDWEST MSA | DAYTON ECONOMIC DRIVERS - ?Located within the Dayton-Kettering MSA, anchored by Wright-Patterson Air Force Base (~30,000 employees), major healthcare systems, and a diversified manufacturing base STRATEGIC MAIN STREET LOCATION ALONG PRIMARY RETAIL CORRIDOR - ?Situated along S. Main Street (OH-48), the primary north-south retail corridor serving Union and surrounding communities, with approximately 14,800 vehicles per day BUILT-IN RENT GROWTH | 5% INCREASES IN OPTIONS - ?The lease includes four (4) five-year renewal options with 5% rental increases, providing contractual income growth

FOR SALE DETAILS

PRICE

$2,416,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN 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.