This net leased CVS is at the epicenter of a massive commercial and residential development project in Trotwood, OH. The property is located in Trotwood, Ohio the Dayton MSA. The 10,722-square-foot CVS building has approximately 12 years remaining on its primary lease term. CVS recently renewed the lease in October 2011, extending the term from 4 years to 25 years, with ?ve, 5-year renewal options. The early renewal, coupled with a strong rent-to-sales ratio (previously reported), highlights the success of this location. CVS has operated at this site since 1996, and the lease extension ensures its presence through 2037. Current ownership installed a new roof in 2020 with a transferrable warranty.
This area of Trotwood is currently experiencing a developmental boom with some large new industrial and multifamily developments currently under construction. These new developments are creating hundreds of new jobs and increasing the population density in the areas immediately surrounding the CVS. The property sits at the corner of Main Street and Olive Road, bene?ting from its location at a signalized intersection with constant traf?c ?ow. It features curb cuts for easy access on both Main Street and Olive Road. Nearby retailers include Target, Home Depot, Lowe’s, Kmart, and Burlington Coat Factory.