Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 9,872-square-foot single-tenant pharmacy (the Property) located in Westerville, OH, in which CVS has over three years remaining on their long-term absolute triple net (NNN) lease. The tenant has operated at this location since its construction in 2000, showing a strong commitment to the site. Additionally, the corporately guaranteed lease still has nine (9) renewal options remaining, potentially extending the lease term expiration until 2070. The Property is strategically located on Westerville’s retail corridor at the signalized intersection of South Cleveland Avenue and West Schrock Road with visibility to over 59,000 vehicles per day. Nearby retailers include Kroger, McDonald’s, Wendy’s, Verizon, KFC, Save A Lot, Speedway, Take 5 Oil Change, FedEx and numerous others. Additionally, the Property is only 0.3 miles south of the Mount Carmel St. Ann’s 24/7 Emergency Center, which is a member of Trinity Health, the third-largest healthcare system in the United States, operating or affiliated with 44 hospitals, 342 outpatient facilities, 31 long-term care facilities, 28 home health care offices and 20 hospice programs. The store, pharmacy and photo services are open 24 hours, and the pharmacy offers drive-through service. This location is one of only 11 percent of CVS stores to have a MinuteClinic same-day clinic.