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Newark, OH - CVS Pharmacy

$2,515,000

955 N. 21st Street, Newark, OH 43055

Active
Last Updated: 05/14/2026

5

Cap Rate

125,730

NOI

Details:
Cap Rate:    5%
NOI:    $125,730
Building Size:    10,242 sqft
Lot Area:    1.75 acres
Occupancy:    100%
Year Built:    1998
Zoning:    Commercial
Floors:    1
Description:

• CVS has operated at this location for 25+ years
• Successful long-term history at this location; CVS recently exercised their 5-year option early, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by CVS Corporation, an investment grade (S&P:BBB), well-established tenant
• CVS is America’s leading retail pharmacy with nearly 216,000 employees and 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks grocery stores

• The asset is strategically located at the signalized, hard corner intersection of N. 21st St. & Meadowbrook Dr. averaging 32,800 vehicles per day
• The immediate trade area is supported by surrounding national/credit retailers such as Walmart Supercenter, Kroger, The Home Depot, and more
• Located one mile from State Highway 16 (47,200 VPD) and State Highway 79 (31,000 VPD), providing direct on/off ramp access for travelers
• The asset has excellent visibility and multiple points of ingress/egress

Map:
Location
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