CVS NNN Investment
For Sale
Contact for pricing
Pending
955 N 21st St, Newark, OH 43055
Long-term CVS lease with corporate guaranty in Newark, OH.
Property Size10,242 SF
Days on Market164
Property Features for 955 N 21st St
General Information
Standard status
Pending
Size
10,242 SF
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners McLean
Listed By:
Andrew Fallon · License #PA RSR006585
(202) 286-1542
Source:
Crexi
Added: Mar 27
Changed: Sep 4
Last Checked: Sep 2 at 5:24AM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This commercial property features a CVS location with a history of over 25 years of operation. The tenant, CVS Corporation, has an investment grade rating (S&P: BBB) and has demonstrated commitment to the site by recently exercising a 5-year option. The lease is corporate guaranteed. CVS is a leading retail pharmacy with approximately 216,000 employees and 10,000 locations. The property operates under an absolute NNN lease, making it a management-free investment with zero landlord responsibilities, as the tenant covers CAM, taxes, insurance, and all maintenance. The property is positioned at the signalized intersection of N. 21st St. & Meadowbrook Dr., with traffic averaging 32,800 vehicles per day. Its location benefits from the proximity to State Highway 16 (47,200 VPD) and State Highway 79 (31,000 VPD), providing accessibility. The surrounding area includes national retailers such as Walmart Supercenter, Kroger, and The Home Depot. The location is supported by over 73,000 residents and 34,000 employees within a 5-mile radius, with an average household income of $87,992. The property is located less than 40 minutes from Columbus, OH. According to Placer.io data, this CVS location ranks in the top 40% of all CVS stores nationwide and in the top 19% of all Ohio locations. The building size is 10,242 square feet. CVS added a minute clinic to this location in 2015.
Key Highlights
- Investment Grade Tenant (S&P: BBB) with Corporate Guaranty from CVS Corporation
- Absolute NNN Lease with Zero Landlord Responsibilities
- High‑Performing CVS Location: Top 40% Nationwide, Top 19% in Ohio (per Placer.io)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43055, OH
62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CVS Pharmacy — 955 N 21st St, Newark, OH 43055
- Ashley Waugh — 955 N 21st St, Newark, OH 430552921
- CVS — 955 N 21st St, Newark, OH 43055
- Kroger Pharmacy — 1155 N 21st St, Newark, OH 43055
Frequently Asked Questions
What type of property is this?
Drug store - Long-term CVS lease with corporate guaranty in Newark, OH.
Where is this drug store located?
The property is located at 955 N 21st St Newark, OH.
What are key features of this property?
This property features: Investment Grade Tenant (S&P: BBB) with Corporate Guaranty from CVS Corporation; Absolute NNN Lease with Zero Landlord Responsibilities; High‑Performing CVS Location: Top 40% Nationwide, Top 19% in Ohio (per Placer.io)
