CVS

3352 Kent Rd, Stow, OH
Deal Type:
Net Lease
Price:
$3,392,001
Cap Rate:
6.25%
Current Rent:
$212,000
Lease Type:
Triple Net
Lease Expiration Date:
Approx. 10 years
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
9,876 SF
Rent Increases:
Flat
Site Size:
1.1 Acres

Investment Highlights

  • Well Positioned: This Hard Corner CVS that is well located on the major thoroughfare of Kent Road and Darrow Rd with daily traffic counts of 32,000 VPD.
  • Commitment: CVS has been situated at this intersection since 1998 and just worked out a 10 year extension showing their strong commitment to this store.
  • Strong Local Demographics: The average HH income is $89,233 in a 3-mile radius with a majority of the population being 65+.
  • Investment Grade Tenant: CVS has a BBB credit rating from S&P, signaling stability in the Pharmacy market.
  • Nearby Consumer Base: Property located next to a major trade area of Stow, Ohio, with tenants such as (Target, Meijer, T.J.Maxx, Aldi, Kohl’s, Hobby Lobby, Chipotle, O’Rileys, and many more).

Listing Agents

Patrick Tupa

Associate
847 345 6681
[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, [email protected], Lic. OH – BRK.2009000214

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