Listing Agency: CBRE | Cleveland

Listed By: Kevin Moss · License #SAL.2015001299 Show Phone

Source: Cbre

Added: Apr 15 Changed: Jul 10 Last Checked: Sep 2 at 2:18PM

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Investment Insights

Based on property information with market context.

This freestanding 11,740 square foot building, formerly a Rite Aid, is situated on 1 acre at a high-traffic, signalized intersection in Ottawa. There is potential to expand the site to 1.85 acres. Located within the B-2 Central Business District, the property benefits from high visibility with over 15,000 vehicles per day at the corner, according to ODOT. The town of Ottawa has a population of 12,325 within a 10-minute drive time, with average household incomes of $107,742. Neighboring retailers and restaurants include Walmart, Tractor Supply Co, Dollar Tree, O’Reilly, Casey's, and McDonald's.

Key Highlights

• High traffic location: Signalized intersection with over 15,000 vehicles per day (VPD).
• Freestanding 11,740 SF building on 1 AC.
• Potential to expand the site to 1.85 AC.

Property Analytics

Property Profile

Current Use

Drug stores

Suggested Use

Top Pick Dental Office Spa & Massage Center Nail Salon Hair Salon Skin Care Clinic Food Market

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

689

Businesses Nearby

67k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 86% Shops & Services 10% Home Improvements & Furnishings 4%

McDonald's Dining

19,828 visits/mo 0.2 miles

Taco Bell Dining

11,585 visits/mo 0.1 miles

Burger King Dining

11,506 visits/mo 0.2 miles

Wendy's Dining

9,111 visits/mo 0.1 miles

Dollar General Shops & Services

4,579 visits/mo 0.4 miles

Demographics for 45875, OH

11,273

Population

4,203

Households

2.7

Avg Household Size

40

Median Age

34%

College-Educated

95%

High-School Grad

102.6 sq mi

ZIP Area

110

Density / Sq Mi

$86,358

Median Household Income

$51,309

Median Earnings

$810

Median Rent

$214,300

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

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Frequently Asked Questions

What type of property is this?

Drug store - Former Rite Aid available for lease in Ottawa, Ohio.

Where is this drug store located?

The property is located at 305 West Main Street Ottawa, OH.

What are key features of this property?

This property features: High traffic location: Signalized intersection with over 15,000 vehicles per day (VPD).; Freestanding 11,740 SF building on 1 AC.; Potential to expand the site to 1.85 AC.