Drug Store
CVS Pharmacy
590 Nilles Rd, Fairfield, OH 45014
Listing Price: $3,111,000
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 10,855-square-foot drive-through pharmacy (the Property) in Fairfield, OH, in which CVS has over 13 years remaining on its corporately guaranteed absolute net lease. The lease features six five-year renewal options with a five percent rent increase at the beginning of each option.
CVS sits on the northwest corner of the over 33,300 Annual Average Daily Traffic signalized intersection of Nilles Road and U.S. Highway 127 (Pleasant Avenue), beside Burger King and Arby’s and across from a Kroger-anchored retail center. Bank of America is building a new branch 0.4 miles east, and Minnick’s Drive-Thru has approval for a new drive-through c-store 0.6 miles northwest.
Fairfield is located 17.9 miles north of downtown Cincinnati along U.S. Highway 127 and is home to the headquarters of Cincinnati Financial Corporation. Koch Foods, Allied Group and Mercy Health Fairfield Hospital are other major local employers.
Ranked number five on the Fortune 500 List, CVS Health (NYSE: CVS) is a leading healthcare company operating approximately 9,000 retail pharmacies and employing over 300,000 people including 27,000 community pharmacists.
This property offers the ease and security of a 13-year absolute net lease with renewal options as well as the long-term potential of a large corner parcel on a busy U.S. highway retail intersection in a growing county within the Cincinnati MSA.
CVS Pharmacy
Investment Highlights
- Over 13 Years Remaining on Corporately Guaranteed Absolute Net Lease
- Six Five-Year Renewal Options Each With a Five Percent Rent Increase
- On Over 33,300 Annual Average Daily Traffic Signalized Intersection Across From Kroger-Anchored Retail Center
- Just 3.1 Miles South of 2,796-Student Miami University Hamilton Via U.S. Highway 127
- Within Four Miles of 3,400-Employee Cincinnati Financial Corporation Headquarters
- $97,293 Average Household Income Within One Mile and 139,569 Population Within Five Miles
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Listing Price: $3,111,000
Investment Highlights
- Over 13 Years Remaining on Corporately Guaranteed Absolute Net Lease
- Six Five-Year Renewal Options Each With a Five Percent Rent Increase
- On Over 33,300 Annual Average Daily Traffic Signalized Intersection Across From Kroger-Anchored Retail Center
- Just 3.1 Miles South of 2,796-Student Miami University Hamilton Via U.S. Highway 127
- Within Four Miles of 3,400-Employee Cincinnati Financial Corporation Headquarters
- $97,293 Average Household Income Within One Mile and 139,569 Population Within Five Miles
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 10,855-square-foot drive-through pharmacy (the Property) in Fairfield, OH, in which CVS has over 13 years remaining on its corporately guaranteed absolute net lease. The lease features six five-year renewal options with a five percent rent increase at the beginning of each option. CVS sits on the northwest corner of the over 33,300 Annual Average Daily Traffic signalized intersection of Nilles Road and U.S. Highway 127 (Pleasant Avenue), beside Burger King and Arby’s and across from a Kroger-anchored retail center. Bank of America is building a new branch 0.4 miles east, and Minnick’s Drive-Thru has approval for a new drive-through c-store 0.6 miles northwest. Fairfield is located 17.9 miles north of downtown Cincinnati along U.S. Highway 127 and is home to the headquarters of Cincinnati Financial Corporation. Koch Foods, Allied Group and Mercy Health Fairfield Hospital are other major local employers. Ranked number five on the Fortune 500 List, CVS Health (NYSE: CVS) is a leading healthcare company operating approximately 9,000 retail pharmacies and employing over 300,000 people including 27,000 community pharmacists. This property offers the ease and security of a 13-year absolute net lease with renewal options as well as the long-term potential of a large corner parcel on a busy U.S. highway retail intersection in a growing county within the Cincinnati MSA.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
