6266 Gender Rd Canal Winchester, OH 43110-2042

Property Details for 6266 Gender Rd

Year built

2004

Lot size

1.96 lot acres

Property size

14,818 SF

Property type

Drug stores

APN

184-002727

APU

184002727

Description

This exceptional investment opportunity presents a 14,498-square-foot Walgreens pharmacy, situated on a 1.97-acre lot in Canal Winchester, Ohio, within the Columbus MSA. The property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $317,000. Built in 2004, the single-tenant, absolute NNN leased property features a credit-rated tenant with a remaining lease term of 12 years, extending to October 31, 2036, following a recent lease extension executed in October 2024. The lease includes ten 5-year renewal options with a flat rent structure. This prime retail location benefits from high visibility on Gender Road (38,709 vehicles per day), a hard corner location, and proximity to US Highway 33 (67,992 vehicles per day). The property is strategically positioned near other major retailers, including Walmart, Kroger, and Home Depot, ensuring consistent traffic and strong consumer demographics. A robust daytime population is further enhanced by nearby industrial tenants. The average household income within a one-mile radius exceeds $106,818, and over 106,130 people reside within a five-mile radius. The asking price is $4,372,413, translating to $301.59 per square foot. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential.

Location Insight

City

Canal Winchester

County

Franklin

State

Ohio

Longitude

-82.8276

Latitude

39.8534

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments