CVS Pharmacy
$2,927,784
1950 Hard Road, Columbus, OH 43235
7
Cap Rate
204,944
NOI
Details:
Highlights:
- Long-term commitment to the site with the tenant occupying this location for nearly 30 years
- High-Visibility Corner Location: Positioned at the signalized intersection of Hard Road and Smoky Row Road
- Strong Traffic Exposure: Prominent frontage and signage along Hard Road and Smoky Row Road, with combined daily traffic counts exceeding 20,592 vehicles
- New Roof Installed in 2021
- Solid Demographics: 17,817 people within a 1 mile radius | 78,566 people within 3 mile radius
- Strong Household Income: Average household income is $86,647 within a 1 mile radius
- Dominant Retail Corridor – Surrounded by national tenants including Little Caesars, Subway, Domino's, Dollar General, Tuffy Tire & Auto Service Center, and others, driving consistent cross-shopping and consumer traffic
Description:
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Columbus is the capital and most populous city in the U.S. state of Ohio, as well as the seat of Franklin County. Located near the geographic center of the state, Columbus serves as a major political, economic, and cultural hub for the Midwest. According to the 2020 U.S. Census, Columbus had a population of 905,748, making it the 14th most populous city in the United States and the second-largest in the Midwest, behind Chicago. The metropolitan area, known as the Columbus Metropolitan Statistical Area, is home to more than 2.1 million residents, ranking it among the fastest-growing regions in the Midwest.
Columbus is strategically located at the intersection of several major interstate highways, including I-70, I-71, and I-270, providing convenient access to key Midwestern and East Coast markets. John Glenn Columbus International Airport serves as the city’s primary air travel hub, offering nonstop service to major U.S. destinations and supporting both business and leisure travel. Columbus’s central location has made it an increasingly important center for logistics, distribution, and advanced manufacturing operations.
The city boasts one of the most diverse and stable economies in the region. Key industries include education, insurance, healthcare, finance, technology, and government. Columbus is home to The Ohio State University, one of the largest universities in the nation, which contributes significantly to research, innovation, and the local economy. Several Fortune 500 companies are headquartered in the area, including Nationwide Insurance, American Electric Power, L Brands, and Cardinal Health. This strong corporate presence has helped position Columbus as a major economic engine in the Midwest.
In recent years, downtown Columbus has experienced significant growth and redevelopment. The city has invested heavily in mixed-use projects, residential housing, and entertainment venues. The Arena District, anchored by Nationwide Arena, has become a thriving center for sports, dining, and nightlife, while the nearby Short North Arts District offers a vibrant mix of galleries, boutiques, and restaurants. Large-scale developments such as the Scioto Mile, a revitalized riverfront park system, have transformed the downtown area into a lively urban destination for residents and visitors alike.
Columbus continues to attract national attention for its strong job growth, affordable cost of living, and high quality of life. The city’s ongoing investments in infrastructure, technology, and innovation along with its expanding downtown and diverse economy have made it one of the most dynamic and fastest-growing metropolitan areas in the United States.