111 S Memorial Dr - Retail FOR SALE


Lancaster, OH 43130
$3,684,000 USD
248-702-0288
111 S Memorial Dr, Lancaster, OH for Sale
$3,684,000 USD
Retail - FOR SALE
1/6
null | 6.75% Cap Rate

111 S Memorial Dr
Lancaster, OH 43130


HIGHLIGHTS

  • Corporately Guaranteed by CVS | Largest Pharmacy Chain in the U.S. | S&P Rated BBB
  • Equipped with Drive-Thru and Minute Clinic | Midnight Store Location
  • Landlord Invested Roughly $90,000 in Capital Expenses since 2019 | Includes New 2019 Roof with 15 Year Warranty
  • Minimal Landlord Responsibilities | 5 Years Remaining on NN Lease
  • CVS Recently Exercised 2nd Option with Scheduled Increase | Commitment to Site
  • Located on Hard Corner Lot | Over 30,000 VPD at Intersection

OVERVIEW

Corporately Guaranteed by CVS | Largest Pharmacy Chain in the U.S. | S&P Rated BBB Equipped with Drive-Thru and Minute Clinic | Midnight Store Location Landlord Invested Roughly $90,000 in Capital Expenses since 2019 | Includes New 2019 Roof with 15 Year Warranty Minimal Landlord Responsibilities | 5 Years Remaining on NN Lease CVS Recently Exercised 2nd Option with Scheduled Increase | Commitment to Site Located on Hard Corner Lot | Over 30,000 VPD at Intersection 2 Miles West of the Fairfield Medical Center | 200 Beds | Primary Hospital System in Lancaster

FOR SALE DETAILS

PRICE

$3,684,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS - Midnight Location

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

05-36049-410

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.