CVS - Canfield, OH | 601 E Main St
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CVS - Canfield, OH 601 E Main St
10,113 SF Retail Building Canfield, OH 44406 £4,152,632 (£411/SF) 4.75% Net Initial Yield
Investment Highlights
- Long Term Absolute NNN Lease CVS Located at the Highly Trafficked Signalized Intersection of E Main Street (20,000 VPD)
- Total Consumer Spending on Education and Daycare Exceeds $56 Million Annually Within a 5-Mile Radius of This Location
- Lease Corporately Guaranteed By CVS Health, the 6th Ranked Company in the Fortune 500 With an S&P Credit Rating of BBB
- The Property is Ideally Situated on a 1.42 Acre Lot Between Several Large Suburban Neighborhoods and Many Key Employers in the Area
- Established Retailers Nearby Include: Target, Kohl's, T.J. Maxx, Petco, Dollar General, Starbucks, Giant Eagle, McDonald's Etc.
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,113 SF CVS Located at 601 East Main Street in Canfield, OH. This Deal Includes a Long Term Absolute NNN Lease CVS Located at the Highly Trafficked Signalized Intersection of E Main Street (20,000 VPD) and Fairground Blvd (8,000 VPD) in Canfield, OH - Youngstown/Warren/Boardman MSA, Providing For a Secured Investment.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,113 SF
Building Class
C
Year Built/Renovated
1999/2018
Price
£4,152,632
Price Per SF
£411
Net Initial Yield
4.75%
NOI
£197,250
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
1.42 AC
Zoning
B-3
Parking
50 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
- Signalised Intersection
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- CVS
- Health Care and Social Assistance
- 10,113 SF
- £19.53
- May 2038
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| CVS | Health Care and Social Assistance | 10,113 SF | £19.53 | May 2038 |
PROPERTY TAXES
| Parcel Number | 28-028-0-004.00-0 | Improvements Assessment | £261,538 |
| Land Assessment | £120,993 | Total Assessment | £382,531 |
PROPERTY TAXES
Parcel Number
28-028-0-004.00-0
Land Assessment
£120,993
Improvements Assessment
£261,538
Total Assessment
£382,531
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Andrew Gilbert -
Clifton McCrory -
Chris Sands -
Sands Investment Group
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CVS - Canfield, OH | 601 E Main St
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