Two-Tenant Drug Store
For Sale
Contact for pricing
525 W Marion Road, Mount Gilead, OH 43338
Two occupants operate under double-net lease structures at this established retail property.
Property Size37,182 SF
Lot Size5.01 Acres
Price / SF$85.36
Days on Market142
Property Features for 525 W Marion Road
General Information
Standard status
Active
Size
37,182 SF
Lot size
5.01 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$238,045
Building Details
Year Built
1987
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Horvath & Tremblay Tampa
Listed By:
Chris King · License #FL 3359988
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 14 at 4:09AM
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 Horvath & Tremblay Tampa
Investment Insights
Based on property information with market context.
This two-tenant retail property contains 37,182 square feet within a 5.01-acre parcel. Discount Drug Mart has operated at the site since 2009 and recently extended its lease for 10 years. Dollar Tree has occupied the property since 2015 and exercised its first option. Both leases are structured as double net.
The property is located at 525 West Marion Road in Mount Gilead, Ohio, within the community’s commercial center. It is adjacent to Kroger, identified as the town’s only grocery store. Two additional pad sites at the property are occupied by McDonald’s and AutoZone; those businesses are not included in the offering.
The property is located at 525 West Marion Road in Mount Gilead, Ohio, within the community’s commercial center. It is adjacent to Kroger, identified as the town’s only grocery store. Two additional pad sites at the property are occupied by McDonald’s and AutoZone; those businesses are not included in the offering.
Key Highlights
- 37,182‑square‑foot building on a 5.01‑acre parcel
- Two‑tenant retail property with Discount Drug Mart and Dollar Tree
- Double‑net lease structures for both occupants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$157,863
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,157,260
$3.2M
Cap Rate 7%
$2,255,186
$2.3M
Cap Rate 9%
$1,754,033
$1.8M
Market Conditions
NOI Build-Up for 37,182 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$240.9K $6.48/SF
− Vacancy
−$15.4K −$0.41/SF
EGI
$225.5K $6.07/SF
− OpEx
−$67.7K −$1.82/SF
NOI
$157.9K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,157,260
Cap Rate 7%
$2,255,186
Cap Rate 9%
$1,754,033
Alternative Uses
Best Use
Specialty Retail
$5.59M
$4.89M – $6.53M
NOI $391,526 @ 7.0% cap · market cap 12.34%
Second Best
Retail
$2.26M
$1.97M – $2.63M
NOI $157,863 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$7.35M
$6.43M – $8.58M
NOI $514,614 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43338, OH
10,423
Population
4,510
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
95.1 sq mi
ZIP Area
110
Density / Sq Mi
$69,794
Median Household Income
$41,084
Median Earnings
$821
Median Rent
$212,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - Two occupants operate under double-net lease structures at this established retail property.
Where is this drug store located?
The property is located at 525 W Marion Road Mount Gilead, OH.
What is the asking price?
The asking price for this property is $3,173,933.
What are key features of this property?
This property features: 37,182‑square‑foot building on a 5.01‑acre parcel; Two‑tenant retail property with Discount Drug Mart and Dollar Tree; Double‑net lease structures for both occupants
