1425 N 21st St - Drug Store FOR SALE


Newark, OH 43055
$3,725,000 USD
847-384-2840
1425 N 21st St, Newark, OH for Sale
$3,725,000 USD
Drug Store - FOR SALE
1/3
null | 8% Cap Rate

1425 N 21st St
Newark, OH 43055


HIGHLIGHTS

  • Located at the Northwest corner of N 21st St. and Goose Pond Rd
  • Located in the heart of Newark and approximately 40 minutes from Columbus
  • Hard corner lighted intersection
  • Immediate neighbors include Walmart, Kohl’s Kroger, McDonalds, Ohio St. University and more.
  • Corporate Guarantee
  • Just extended lease showing commitment to the location

OVERVIEW

Colliers is pleased to offer the opportunity to purchase a long-term Walgreens pharmacy in an irreplaceable location 40 minutes from Columbus, OH at 1425 N 21st Street. The site is at a lighted hard corner intersection that sees more than 30,000 cars per day. The tenant has been in possession of the building since 2003. The location is on the main retail corner at a lighted intersection and immediately adjacent to a Walmart. Other nearby neighbors include, Kohl’s, Kroger, McDonalds, AutoZone, Panda Express, Taco Bell, Starbucks, Wendy’s and the Ohio State University. The property is offered at $3,725,000 which translates to a 8.00% cap rate.

FOR SALE DETAILS

PRICE

$3,725,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

054-269904-00.004

ASK ABOUT THIS PROPERTY

Peter BlockColliersMore Info
847-384-2840

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Peter BlockColliersMore Info
847-384-2840

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