For Sale
$5,930,000

6201 Broad StColumbus, OH 43213

Columbus, OH Pharmacy - Strong Sales

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Columbus, Ohio, fully occupied by a credit-rated Walgreens under an absolute NNN lease with a corporate guarantee. The 14,618 square foot building, constructed in 2007, boasts a strong sales history and benefits from a highly visible, signalized corner location on E Broad St, near major highways including I-270 and John Glenn Columbus International Airport (within 5.9 miles). The lease, expiring May 30, 2032, offers a remaining term of 7.5 years with fifty, one-year options. The property features a current NOI of $432,820, resulting in a 7.30% cap rate and a price per square foot of $405.66. The asking price is $5,930,000. An assumable loan with a 3.82% interest rate is available (see offering memorandum for details). All property maintenance is the tenant's responsibility. The property is situated near Mount Carmel East Hospital (0.5 miles). The property's APN is 010-008898. This is a 1031 exchange eligible property.

Highlights

  • Fee-simple, single-tenant Walgreens retail property in Columbus, OH.
  • Absolute NNN lease with corporate guarantee; zero landlord responsibilities.
  • High-performing location with strong sales; signalized corner location on E Broad St with 53,650 VPD.
  • Assumable financing available at 3.82% interest (see offering memorandum).
  • Excellent location near Mount Carmel East Hospital (0.5 miles), I-270 (1.2 miles), and John Glenn Columbus International Airport (5.9 miles).

Property Details for 6201 Broad St

Property type
Retail properties, Drug stores
Square Feet
14,618 SF
Year Built
2007

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9795202
Longitude
-82.8372195
6201 Broad St, Columbus, Ohio

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6201 Broad St
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