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Property summary
This exceptional investment opportunity presents a 14,560-square-foot Walgreens, situated on a 1.51-acre lot at 1425 N 21st St, Newark, OH 43055. The property boasts a strong net lease (NNN) with Walgreens, a highly reputable national tenant, under a lease expiring February 29, 2028, with remaining term of approximately 3.8 years and lease options available (9 and 5 year). The property features a single, one-story building with 100% occupancy since March 1, 2003. The asking price is… $3,725,000, yielding an attractive 8.00% cap rate based on a current Net Operating Income (NOI) of $298,000. This strategically located property sits at a highly visible, lighted intersection with over 30,000 cars passing daily. Its prime location is enhanced by its proximity to major retailers including Walmart, Kohl's, Kroger, McDonald's, AutoZone, Panda Express, Taco Bell, Starbucks, Wendy's, and Ohio State University. The property's strong tenant, long lease term, and high traffic count make it an ideal investment for discerning buyers seeking a stable, high-return asset in a thriving market. The property is classified as a convenience store, grocery store, and pharmacy/drug store.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,509 SF
- Lot area
- 1.52 ac
- Year built
- 2003
- Stories
- 1
- APN
- 054-269904-00.004
- Assessed value · 2023
- $849,940
- Annual tax · 2023
- $45,281
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $45,281
- Selected cap rate
- Office Building
- Commercial (general)
- Auto Repair, Garage
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Newark market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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