CVS Pharmacy Drug
For Sale
Contact for pricing
3499 Clime Rd, Columbus, OH 43223
Absolute NNN lease extends through January 2033 with scheduled 5% increases every five years.
Property Size10,113 SF
Price / SF$177.20
Days on Market51
Property Features for 3499 Clime Rd
General Information
Standard status
Active
Size
10,113 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$112,000
Additional Details
Corner Location
Yes
Building Details
Year Built
1999
Buildings
1
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Aug 27
Changed: Oct 14
Last Checked: Oct 14 at 9:59PM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
The 10,113-square-foot drug store was built in 1999 and is occupied by CVS Health Corporation under an absolute NNN lease. CVS has operated at the property since 1999, establishing more than 25 years of continuous occupancy. The lease runs through January 2033 and includes scheduled 5% rental increases every five years during the primary term and renewal options.
The property occupies a signalized corner on Clime Road in the Columbus MSA. Its established infill setting and visibility support the existing retail use. The lease structure places ongoing property management responsibilities with the tenant while retaining contractual growth provisions over the lease term and options.
The property occupies a signalized corner on Clime Road in the Columbus MSA. Its established infill setting and visibility support the existing retail use. The lease structure places ongoing property management responsibilities with the tenant while retaining contractual growth provisions over the lease term and options.
Key Highlights
- 10,113‑square‑foot drug store built in 1999
- Absolute NNN lease to CVS Health Corporation
- Lease extends through January 2033
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,433
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,708,660
$2.7M
Cap Rate 7%
$1,934,757
$1.9M
Cap Rate 9%
$1,504,811
$1.5M
Market Conditions
NOI Build-Up for 10,113 SF
Gross rent
$194.2K $19.20/SF
− Vacancy
−$13.6K −$1.34/SF
EGI
$180.6K $17.86/SF
− OpEx
−$45.1K −$4.46/SF
NOI
$135.4K $13.39/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,708,660
Cap Rate 7%
$1,934,757
Cap Rate 9%
$1,504,811
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.26M
NOI $135,433 @ 7.0% cap · market cap 7.56%
Second Best
Retail
$1.67M
$1.46M – $1.94M
NOI $116,593 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,532 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43223, OH
27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Columbus, OH
Similar Off Market Nearby
- CVS Pharmacy — 3499 Clime Rd, Columbus, OH 43223
- Chelsey Spiller — 3499 Clime Rd, Columbus, OH 432233440
- Walgreens Pharmacy — 1280 Demorest Rd, Columbus, OH 43204
- Amanda Shaw — 1280 Demorest Rd, Columbus, OH 432047003
- John Sohn — 1280 Demorest Rd, Columbus, OH 432047003
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease extends through January 2033 with scheduled 5% increases every five years.
Where is this drug store located?
The property is located at 3499 Clime Rd Columbus, OH.
What is the asking price?
The asking price for this property is $1,792,000.
What are key features of this property?
This property features: 10,113‑square‑foot drug store built in 1999; Absolute NNN lease to CVS Health Corporation; Lease extends through January 2033
