3499 Clime Rd - Freestanding FOR SALE


Columbus, OH 43223- Riverbend
$1,792,000 USD
508-272-0585
3499 Clime Rd, Columbus, OH for Sale
$1,792,000 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

3499 Clime Rd
Columbus, OH 43223
Riverbend


HIGHLIGHTS

  • Absolute NNN lease featuring no landlord obligations and rare scheduled rent increases throughout the primary term and all renewal options
  • Leased to CVS Health Corporation (NYSE: CVS)
  • CVS has successfully operated at this location for more than two decades

OVERVIEW

Absolute NNN lease featuring no landlord obligations and rare scheduled rent increases throughout the primary term and all renewal options, providing built-in income growth. Leased to CVS Health Corporation (NYSE: CVS), one of the nation's largest healthcare companies, providing durable cash flow backed by investment-grade corporate credit. CVS has successfully operated at this location for more than two decades, demonstrating a long-term commitment to the site and surrounding trade area. Columbus is anchored by The Ohio State University, more than a dozen colleges and universities, and a diverse employer base that includes Nationwide, Cardinal Health, Huntington Bancshares, JPMorgan Chase, American Electric Power, and numerous other Fortune 500 companies. Located on a signalized hard corner within an established retail corridor serving more than 225,000 residents with average household incomes exceeding $94,000 within a five-mile radius. Offered at an attractive basis relative to replacement cost, providing strong in-place yield today while preserving future upside through lease extension, repositioning, or redevelopment.

FOR SALE DETAILS

PRICE

$1,792,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS - Columbus, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C

APN/PARCEL ID

010-212224,010-249528

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.