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610 Cherry St
Blanchester, OH 45107

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
10,050 SF
Building Class
C
Year Built
1961
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.77 AC
Zoning
B-5

Amenities

  • Drive Thru

About 610 Cherry St , Blanchester, OH 45107

Investment Highlights: 10,050 SF Absolute NNN Bond Lease with Drive-Thru, located in Blanchester, OH (Cincinnati MSA). Absolute Bonded NNN Lease, Tenant responsible for roof and structure, including all expenses. 25 Initial Lease Term; 12 years remaining uninterrupted cash flow. Corporate Guaranteed CVS Caremark Lease (NYSE: CVS; S&P: BBB+ Stable). CVS Caremark is the Largest Pharmacy Health Care Provider in the US. CVS Caremark Filled over 718 Million Prescriptions in 2012, approximately 21% of the US Retail Pharmacy Market. Tremendous motivation for tenant to renew due to favorable lease terms. Being the only major stand-alone pharmacy in a 13-mile radius, this is a long-term location for CVS. Seller is only willing to sell for a 30-day window only.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
220-08-11-09-0000-00
Land Assessment
$77,770
Improvements Assessment
$259,770
Total Assessment
$337,540
  • Listing ID: 5949526

  • Date on Market: 2/21/2017

  • Last Updated:

  • Address: 610 Cherry St, Blanchester, OH 45107

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