Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 17,204-square-foot CVS Pharmacy located at 28700 Chardon Rd, Willoughby Hills, OH 44092. The property sits on a 1.47-acre lot and boasts a prominent corner location at the signalized intersection of Bishop Road and Chardon Road (US Route 6), two major commercial and commuter arteries. The building, constructed in 1980 and renovated in 2000, benefits from high visibility, dual access points, and a drive-thru lane. … CVS, a credit-rated, investment-grade tenant with a corporate guarantee (BBB/Baa2), occupies the entire building, having leased the space since December 2001. Their current lease extends to January 2029, offering over four years of remaining term with nine, five-year renewal options. The lease is an absolute triple-net (NNN) lease, eliminating management responsibilities for the owner. The property's strong location is supported by significant traffic counts (over 33,800 vehicles daily), a dense residential population (over 71,500 within 3 miles, average household income exceeding $90,000), and proximity to major roadways (I-90, US Route 20, I-271), a new Amazon distribution center, and numerous other retail establishments including a grocery-anchored shopping center. The property generates a substantial net operating income (NOI) of $375,954, resulting in a 10% cap rate. This is a truly passive, low-risk investment opportunity with significant long-term potential. The asking price is $3,759,543. CVS subleases portions of the building to other tenants, including Speed Cycle Express Laundromat, with one unit currently vacant. These subleases are managed directly by CVS.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included 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 and 7 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
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 recent transactions · within 1.5 miComparable in this City
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Price sensitivity
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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 signals that help you decide who to contact next.
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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.
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