955 N 21St St Newark, OH 43055

This fee-simple, 10,242 sq ft CVS Pharmacy in Newark, OH, presents a compelling investment opportunity. Boasting a 5.00% cap rate and a strong $125,730 NOI, this property benefits from a long-term, absolute NNN lease with a credit-rated tenant, CVS Pharmacy. Built in 1998 on a 1.75-acre lot, the property features a remaining lease term of 5.2 years with six 5-year renewal options remaining, and the tenant recently exercised a renewal in June 2024. The property enjoys a prime location at a signalized intersection with high daily traffic counts, surrounded by other national retailers. The location is further enhanced by its proximity to major state highways and a strong demographic profile within a 5-mile radius, including a high average household income. This location consistently outperforms other CVS locations nationwide, ranking in the top 40% nationally and top 19% in Ohio. The property is 100% occupied and offers a management-free investment opportunity with zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. The property's strong performance, coupled with the long-term lease and corporate guarantee, makes it an attractive addition to any investment portfolio. The asking price is $2,515,000.