NNN-Leased CVS Ground
906 North Hamilton Road, Gahanna, OH 43230
For Sale
Contact for pricing
Corporately guaranteed CVS NNN ground lease with ample on-site parking on 1.34 acres.
Property Size10,443 SF
Lot Size1.34 Acres
Price / SF$341.99
Days on Market152
Property Features for 906 North Hamilton Road
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Lease Type
Net Operating Income
Additional Details
Business Included
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
American Investment Properties
Listed By:
Ron Koenigsberg CCIM · License #NY 31K00933350
(516) 993-7252
Source:
Crexi
Added: Jun 9
Changed: Nov 3
Last Checked: Nov 6 at 6:37AM
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 American Investment Properties
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Investment Insights
Based on property information with market context.
This property is a retail building offered for sale with a corporately guaranteed NNN ground lease in place to CVS pharmacy. The asset is configured for CVS operations and is presented as a long-term, triple-net structure backed by the tenant guarantee.
The building is located at 900-906 N Hamilton Rd in Gahanna, Ohio, and sits on 1.34 acres of land. Ample on-site parking supports customer access and day-to-day patron traffic for the pharmacy use.
For buyers seeking an NNN retail investment, this offering combines a pharmacy tenant with a corporately guaranteed ground lease and a parking-forward site layout. The property’s CVS-specific ground-leased structure may align well with investors looking for stable retail income characteristics supported by the lease guarantee and NNN expense structure.
The building is located at 900-906 N Hamilton Rd in Gahanna, Ohio, and sits on 1.34 acres of land. Ample on-site parking supports customer access and day-to-day patron traffic for the pharmacy use.
For buyers seeking an NNN retail investment, this offering combines a pharmacy tenant with a corporately guaranteed ground lease and a parking-forward site layout. The property’s CVS-specific ground-leased structure may align well with investors looking for stable retail income characteristics supported by the lease guarantee and NNN expense structure.
Key Highlights
- Corporately guaranteed CVS NNN ground lease property
- NNN ground lease associated with a CVS pharmacy
- Property located at 900‑906 N Hamilton Rd, Gahanna, OH
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,003
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,600,060
$2.6M
Cap Rate 7%
$1,857,186
$1.9M
Cap Rate 9%
$1,444,478
$1.4M
Market Conditions
NOI Build-Up for 10,443 SF
Gross rent
$228.1K $21.84/SF
− Vacancy
−$54.7K −$5.24/SF
EGI
$173.3K $16.60/SF
− OpEx
−$43.3K −$4.15/SF
NOI
$130.0K $12.45/SF
Area
ZIP 43230
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,600,060
Cap Rate 7%
$1,857,186
Cap Rate 9%
$1,444,478
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,003 @ 7.0% cap · market cap 3.64%
Second Best
Retail
$1.73M
$1.52M – $2.02M
NOI $121,336 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,670 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 43230, OH
58,372
Population
26,170
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
2,861
Density / Sq Mi
$92,271
Median Household Income
$53,832
Median Earnings
$1,407
Median Rent
$282,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Leffler Mary E — 4057 E Livingston Ave, Columbus, OH 43227
- Burks Patrick E — 4057 E Livingston Ave, Columbus, OH 43227
- CVS Pharmacy — 4548 E Main St, Whitehall, OH 43213, United States
- Justin Lee — 4548 E Main St, Columbus, OH 432133039
- Walgreens Pharmacy — 4617 E Main St, Whitehall, OH 43213
Frequently Asked Questions
What type of property is this?
Drug store - Corporately guaranteed CVS NNN ground lease with ample on-site parking on 1.34 acres.
Where is this drug store located?
The property is located at 906 North Hamilton Road Gahanna, OH.
What is the asking price?
The asking price for this property is $3,571,400.
What are key features of this property?
This property features: Corporately guaranteed CVS NNN ground lease property; NNN ground lease associated with a CVS pharmacy; Property located at 900‑906 N Hamilton Rd, Gahanna, OH
