CVS Pharmacy | 1211 Morse Rd
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CVS Pharmacy 1211 Morse Rd
10,812 SF Retail Building Columbus, OH 43229 £2,224,664 (£206/SF) 6% Net Initial Yield
Executive Summary
This CVS Pharmacy, located in a high-traffic commercial corridor of Columbus, OH, offers investors a rare chance to acquire a single-tenant property with an absolute NNN lease. With 14 years remaining on the lease and a 6.0% CAP rate, the property provides stable, long-term cash flow with zero landlord responsibilities. Priced at $2,834,000 (approximately $269 PSF), this low-rent structure ensures a solid return on investment in one of Ohio's busiest retail areas.
This is an ideal acquisition for investors seeking a truly passive, long-term investment backed by a top-tier tenant. Contact us today for more information or to schedule a viewing!
This is an ideal acquisition for investors seeking a truly passive, long-term investment backed by a top-tier tenant. Contact us today for more information or to schedule a viewing!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,812 SF
Building Class
B
Year Built
2001
Price
£2,224,664
Price Per SF
£206
Net Initial Yield
6%
NOI
£133,448
Tenancy
Single
Number of Floors
1
Building FAR
0.23
Land Acres
1.08 AC
Parking
50 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalised Intersection
- Drive Thru
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 010-015668 | Improvements Assessment | £352,006 |
Land Assessment | £160,782 | Total Assessment | £512,787 |
PROPERTY TAXES
Parcel Number
010-015668
Land Assessment
£160,782
Improvements Assessment
£352,006
Total Assessment
£512,787
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CVS Pharmacy | 1211 Morse Rd
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