3575 Broadway - Drug Store FOR SALE


Grove City, OH 43123- Beulah Park
$3,400,000 USD
918-494-2690
3575 Broadway, Grove City, OH for Sale
$3,400,000 USD
Drug Store - FOR SALE
1/3
null | 6.25% Cap Rate

3575 Broadway
Grove City, OH 43123
Beulah Park


HIGHLIGHTS

  • Investment Grade Guaranty
  • Recent Lease Extension
  • Absolute Net Lease
  • Attractive Demographics
  • Dominant Retail Pharmacy Brand
  • Proximity to Employment Centers

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in a single-tenant CVS Pharmacy located at 3575 Broadway in Grove City, Ohio (the “Property”). The Property is 100% occupied by CVS Pharmacy and is subject to an absolute net lease with no Landlord responsibilities. CVS just executed a 10-year lease extension commencing March 2025, demonstrating a continued commitment to the location. With options to extend through March 2080, the absolute net lease structure provides for a passive, secure investment with no responsibilities for the Landlord. In Association With Rob Gemerchak, OH Lic #BRKP.2019006339

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.56 AC

LAND SF

111,688 SF

ZONING

-

APN/PARCEL ID

040-004265

ASK ABOUT THIS PROPERTY

Zach PoolNorthmarqMore Info
918-494-2690

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Zach PoolNorthmarqMore Info
918-494-2690

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