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701 N Lexington Springmill Rd
Ontario, OH 44906 Mansfield

$894,000 USD

Storefront For Sale  •  6,840 SF

Property Details

  • Property Type Storefront
  • Total Building Size 6,840 SF
  • Lot Size 1.31 AC
  • Building Class B
  • Year Built 2020
  • Cap Rate 5.00 %
  • Tenancy Single
50 Walk Score

Highlights

AutoZone – Absolute NNN Ground Lease – 100% leased with zero landlord responsibilities, including roof, structure, and all capital expenditures
4 Years of Firm Lease Term Remaining – Newer 2020 construction – Long-term, stable income stream with no near-term rollover risk
Corporate Guarantee (NYSE: AZO | S&P: BBB) – Backed by a publicly traded Fortune 500 company and industry-leading automotive retailer
Signalized Hard Corner Location (27,346 VPD) – Strong visibility and access along a primary commercial corridor 20 parking spaces (2.9 per 1000)
Top-Tier Site Performance (Placer.ai) – Ranks in the top 85% of AutoZone locations in Ohio and top 71% nationally based on visitation activity
Outparcel to Regional Healthcare Anchor – Located adjacent to Avita Health Systems – Ontario Hospital, a full-service medical campus employing 2,000+

Property Flyers

Financial Summary (Actual)

Net Operating Income: $44,720 USD (2026)
Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
AutoZone 6,840 SF 6/30/2040

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Spencer O'Donnell 714-400-6267 Charter Realty Company
Spencer O'Donnell 714-400-6267 Charter Realty Company