Drug Store
CVS
1001 E Main St, Trotwood, OH 45426
Listing Price: $2,065,000
Investment Overview
This single-tenant net-leased CVS property located in Trotwood, Ohio the Dayton MSA. The 10,722-square-foot CVS building has approximately 12 years remaining on its primary lease term. CVS recently renewed the lease in October 2011, extending the term from 4 years to 25 years, with ?ve 5-year renewal options. The early renewal, coupled with a strong rent-to-sales ratio (previously reported), highlights the success of this location. CVS has operated at this site since 1996, and the lease extension ensures its presence through 2037.
This area of Trotwood is currently experiencing a developmental boom with some large new industrial and multifamily developments currently under construction. These new developments are creating hundreds of new jobs and increasing the population density in the areas immediately surrounding the CVS.
The property sits at the corner of Main Street and Olive Road, bene?ting from its location at a signalized intersection with constant traf?c ?ow. It features curb cuts for easy access on both Main Street and Olive Road. Nearby retailers include Target, Home Depot, Lowe’s, Kmart, and Burlington Coat Factory.
CVS
Investment Highlights
- Long term lease with approximately 12 years remaining on the primary term.
- Massive amount of development planned and under construction in the immediate vicinity of the Subject property.
- Nearly one million square feet of new industrial facilities and 200 apartment units currently under development within a half mile of the subject. Hundreds of new jobs are being created.
- Proven location for CVS, based on previously reported sales figures.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Listing Price: $2,065,000
Investment Highlights
- Long term lease with approximately 12 years remaining on the primary term.
- Massive amount of development planned and under construction in the immediate vicinity of the Subject property.
- Nearly one million square feet of new industrial facilities and 200 apartment units currently under development within a half mile of the subject. Hundreds of new jobs are being created.
- Proven location for CVS, based on previously reported sales figures.
Investment Overview
This single-tenant net-leased CVS property located in Trotwood, Ohio the Dayton MSA. The 10,722-square-foot CVS building has approximately 12 years remaining on its primary lease term. CVS recently renewed the lease in October 2011, extending the term from 4 years to 25 years, with ?ve 5-year renewal options. The early renewal, coupled with a strong rent-to-sales ratio (previously reported), highlights the success of this location. CVS has operated at this site since 1996, and the lease extension ensures its presence through 2037. This area of Trotwood is currently experiencing a developmental boom with some large new industrial and multifamily developments currently under construction. These new developments are creating hundreds of new jobs and increasing the population density in the areas immediately surrounding the CVS. The property sits at the corner of Main Street and Olive Road, bene?ting from its location at a signalized intersection with constant traf?c ?ow. It features curb cuts for easy access on both Main Street and Olive Road. Nearby retailers include Target, Home Depot, Lowe’s, Kmart, and Burlington Coat Factory.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
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