Single-Tenant CVS Pharmacy with
For Sale
Contact for pricing
Pending
1211 Morse Rd, Columbus, OH 43229
CVS Pharmacy is a single-tenant absolute NNN property with 14 years remaining on the lease.
Property Size10,812 SF
Days on Market714
Property Features for 1211 Morse Rd
General Information
Standard status
Pending
Size
10,812 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Additional Details
Cap Rate
6%
Building Details
Year Renovated
2001
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Century Realty
Listed By:
Adam Weidner · License #WV WV0029822
(304) 232-5411
Source:
Crexi
Added: Sep 24, 2024
Changed: Aug 8
Last Checked: Jul 24 at 10:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century Realty
Investment Insights
Based on property information with market context.
This CVS Pharmacy investment features a single-tenant absolute NNN lease structure. The property is approximately 10,812 square feet and is positioned for long-term, lease-secured performance, with 14 years remaining on the current lease term. The offering notes a 6.0% cap rate.
Located at 1211 Morse Rd in Columbus, Ohio, the property sits within a high-traffic commercial corridor. This makes it a straightforward, ongoing income-focused acquisition for investors looking for a dedicated retail pharmacy facility under an absolute NNN arrangement.
Located at 1211 Morse Rd in Columbus, Ohio, the property sits within a high-traffic commercial corridor. This makes it a straightforward, ongoing income-focused acquisition for investors looking for a dedicated retail pharmacy facility under an absolute NNN arrangement.
Key Highlights
- Single‑tenant CVS Pharmacy with an absolute NNN lease
- 14 years remaining on the lease for long‑term tenant occupancy
- Absolute NNN structure with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43229, OH
54,310
Population
23,290
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
83%
High-School Grad
9.0 sq mi
ZIP Area
6,034
Density / Sq Mi
$53,430
Median Household Income
$35,181
Median Earnings
$1,082
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
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Similar Off Market Nearby
- Premium CBD Products — columbus, oh 43224
- Kroger Pharmacy — 1745 Morse Rd, Columbus, OH 43229
- Towne Clinic — 1150 Morse Rd, Columbus, OH 43229
- CVS Pharmacy — 1211 Morse Rd, Columbus, OH 43229
- Marjorie Horsley — 1211 Morse Rd, Columbus, OH 432296320
Frequently Asked Questions
What type of property is this?
Drug store - CVS Pharmacy is a single-tenant absolute NNN property with 14 years remaining on the lease.
Where is this drug store located?
The property is located at 1211 Morse Rd Columbus, OH.
What are key features of this property?
This property features: Single‑tenant CVS Pharmacy with an absolute NNN lease; 14 years remaining on the lease for long‑term tenant occupancy; Absolute NNN structure with zero landlord responsibilities
