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CVS Pharmacy 1211 Morse Rd

10,812 SF Retail Building Columbus, OH 43229 $2,834,000 ($262.12/SF) 6% Cap Rate

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EXECUTIVE SUMMARY

This CVS Pharmacy, located in a high-traffic commercial corridor of Columbus, OH, offers investors a rare chance to acquire a single-tenant property with an absolute NNN lease. With 14 years remaining on the lease and a 6.0% CAP rate, the property provides stable, long-term cash flow with zero landlord responsibilities. Priced at $2,834,000 (approximately $269 PSF), this low-rent structure ensures a solid return on investment in one of Ohio's busiest retail areas.
This is an ideal acquisition for investors seeking a truly passive, long-term investment backed by a top-tier tenant. Contact us today for more information or to schedule a viewing!

Offering Memorandum- CVS_ 1.15.25

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

10,812 SF

Building Class

Year Built

2001

Price

$2,834,000

Price Per SF

$262.12

Cap Rate

NOI

$170,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.23

Lot Size

1.08 AC

Parking

50 Spaces (4.62 Spaces per 1,000 SF Leased)

Frontage

187’ on Maize Rd

AMENITIES

Pylon Sign

Signalized Intersection

Drive Thru

Retailer
99,999 SF
$9.99
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CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.