CVS NNN Investment
955 N 21st St, Newark, OH 43055
Call to check price and availability
Long-term CVS lease with corporate guaranty in Newark, OH.
Type:Retail
Property size:
10,242 SFPrice / SF:
$245/SF- Added:
- Feb 17, 2026
- Days on Market:
- 85
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 955 N 21st St
General Information
- Standard status
- Active
- Size
- 10,242 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing agent Andrew Fallon License #PA RSR006585
Listing office SRS Real Estate Partners McLean (202) 286-1542
Listing date Feb 17, 2026
Source Crexi
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 SRS Real Estate Partners McLean
HighLights
- Investment Grade Tenant (S&P: BBB) with Corporate Guaranty from CVS Corporation
- Absolute NNN Lease with Zero Landlord Responsibilities
- High‑Performing CVS Location: Top 40% Nationwide, Top 19% in Ohio (per Placer.io)
- Long‑Term Operating History: 25+ Years at This Location with exercised renewal option
- Strategic Location: Signalized Hard Corner Intersection with High Traffic Volume (32,800 VPD)
- Strong Local Demographics: 73,000+ Residents, $87,992 Average Household Income in 5‑Mile Radius
Overview
This commercial property features a CVS location with a history of over 25 years of operation. The tenant, CVS Corporation, has an investment grade rating (S&P: BBB) and has demonstrated commitment to the site by recently exercising a 5-year option. The lease is corporate guaranteed. CVS is a leading retail pharmacy with approximately 216,000 employees and 10,000 locations. The property operates under an absolute NNN lease, making it a management-free investment with zero landlord responsibilities, as the tenant covers CAM, taxes, insurance, and all maintenance. The property is positioned at the signalized intersection of N. 21st St. & Meadowbrook Dr., with traffic averaging 32,800 vehicles per day. Its location benefits from the proximity to State Highway 16 (47,200 VPD) and State Highway 79 (31,000 VPD), providing accessibility. The surrounding area includes national retailers such as Walmart Supercenter, Kroger, and The Home Depot. The location is supported by over 73,000 residents and 34,000 employees within a 5-mile radius, with an average household income of $87,992. The property is located less than 40 minutes from Columbus, OH. According to Placer.io data, this CVS location ranks in the top 40% of all CVS stores nationwide and in the top 19% of all Ohio locations. The building size is 10,242 square feet. CVS added a minute clinic to this location in 2015.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
MinuteClinic at CVS
Medical Clinic
Redbox
Cinema
MoneyGram
Bank
CVS
Pharmacy
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.4291746
- Latitude
- 40.0741024
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FAQs
What type of property is this?
Drug store - Long-term CVS lease with corporate guaranty in Newark, OH.
Where is this drug store located?
The property is located at 955 N 21st St Newark, OH.
What is the asking price?
The asking price for this property is $2,515,000.
What are key features of this property?
This property features: Investment Grade Tenant (S&P: BBB) with Corporate Guaranty from CVS Corporation; Absolute NNN Lease with Zero Landlord Responsibilities; High‑Performing CVS Location: Top 40% Nationwide, Top 19% in Ohio (per Placer.io)
