1211 Morse Rd Columbus, OH 43229
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High-yield, NNN-leased CVS property
Property size:
10,812 SFProperty Features for 1211 Morse Rd
General Information
- Property type
- Drug stores
- Square Feet
- 10,812 SF
- Lot Size
- 46,174 SF
Building Details
- Year Renovated
- 2001
- Buildings
- 1
- Stories
- 1
Listing Agency: Century Realty Listing Agent: Adam Weidner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This Columbus, Ohio, retail property offers a compelling investment opportunity featuring a fee-simple ownership of a 10,812 square foot, single-story building on a 1.06-acre lot. The property is currently leased to CVS Pharmacy under an absolute NNN lease with approximately 13.7 years remaining until the lease expiration date of July 31, 2038. The lease commenced on December 20, 2001, and includes ten 5-year renewal options. The property boasts a strong 6.00% cap rate and a net operating income (NOI) of $170,000, resulting in an asking price of $2,834,000, or approximately $269 per square foot. The building was renovated in 2001 and is situated at 1211 Morse Rd, Columbus, OH 43229, within a high-traffic commercial area of Franklin County. This investment presents a passive income opportunity with minimal landlord responsibilities, backed by a nationally recognized tenant with a long-term lease. The property's location and lease terms provide investors with a stable, predictable cash flow stream. This is a prime opportunity for investors seeking a low-management, high-return investment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CVS Pharmacy
Pharmacy
Redbox
Cinema
CVS
Cosmetic Store
MoneyGram
Bank
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.986640420998
- Latitude
- 40.06078628863
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FAQs
What type of property is this?
Drug store - High-yield, NNN-leased CVS property
Where is this drug store located?
The property is located at 1211 Morse Rd Columbus, OH.
What is the asking price?
The asking price for this property is $2,834,000.
What are key features of this property?
This property features: Absolute NNN lease, requiring no landlord management.; 14-year lease with CVS Pharmacy, a creditworthy national tenant.; High-traffic location with excellent visibility and accessibility.
