Building Details

Tenancy Single

Listing Agency: Pharma Property Group Show Phone

Listed By: Jason Pongsrikul · License #CA 01918332

Source: Crexi

Added: Apr 12 Changed: Jul 21 Last Checked: Aug 5 at 2:03PM

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Investment Insights

Based on property information with market context.

This is a single-tenant Rite Aid retail pharmacy property in Saint Marys, Ohio. The 14,564-square-foot freestanding building has been operating at the location for 18+ years and the tenant recently agreed to an additional 5-year term through July 2030. The lease includes rental increases during the initial term and in each of the 5-year extension options, including a 9.3% increase at the first extension option.

The property is located near the off-ramp of Highway 29 from U.S. Route 33, identified as the main highway merge in the community. St. Marys Square, a major commercial hub, is directly across the street, and it includes national retailers such as Big Lots, Goodwill, Bath & Body Works, Dollar Tree, and Tractor Supply Co., anchored by Celina Tents. The Grand Lake Healthcare Center is also across the street, and Memorial Hospital is about 3 miles to the east.

Key Highlights

• Single‑tenant Rite Aid property in St. Marys, Ohio in a 14,564 SF freestanding retail pharmacy building on Highway 29
• Rite Aid has operated at the location for 18+ years and agreed to an additional 5‑year term through July 2030
• Lease includes rental increases during the initial term and each 5‑year extension option, including a 9.3% increase at the first extension

Property Analytics

Current Use

Coinhub Bitcoin ATM ... Atm Western Union Bank higi Physician James M. Hay, ... Pharmacy Laura A. Cunningham, RPH Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

146

Businesses Nearby

95k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 58% Shops & Services 14% Apparel 11% Home Improvements & Furnishings 10%

McDonald's Dining

23,918 visits/mo 0.1 miles

Arby's Dining

10,177 visits/mo 0.1 miles

Dollar Tree Shops & Services

9,978 visits/mo 0.2 miles

Taco Bell Dining

9,041 visits/mo 0.2 miles

Tractor Supply Co. Home Improvements & Furnishings

9,024 visits/mo 0.2 miles

Demographics for 45885, OH

12,863

Population

5,734

Households

2.2

Avg Household Size

41

Median Age

16%

College-Educated

95%

High-School Grad

72.4 sq mi

ZIP Area

178

Density / Sq Mi

$75,054

Median Household Income

$43,812

Median Earnings

$882

Median Rent

$153,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Rite Aid Pharmacy — 1502 Executive Dr, St Marys, OH 45885
• James M. Hay, RPh — 1502 Executive Dr, St Marys, OH 45885
• Laura A. Cunningham, RPH — 1502 Executive Dr, St Marys, OH 45885
• Avon by Jodia Long — 1129 Nagel St, St Marys, OH 45885

Frequently Asked Questions

What type of property is this?

Drug store - Rite Aid occupies a freestanding retail pharmacy building on Highway 29 near the U.S. Route 33 off-ramp.

Where is this drug store located?

The property is located at 1502 Executive Dr St Marys, OH.

What are key features of this property?

This property features: Single‑tenant Rite Aid property in St. Marys, Ohio in a 14,564 SF freestanding retail pharmacy building on Highway 29; Rite Aid has operated at the location for 18+ years and agreed to an additional 5‑year term through July 2030; Lease includes rental increases during the initial term and each 5‑year extension option, including a 9.3% increase at the first extension