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940 E Columbus St

Kenton, OH 43326

$775,000

Auto Repair For Sale  •  5,675 Sq Ft

Property Details

  • Property Type Auto Repair
  • Total Building Size 5,675 Sq Ft
  • Lot Size 0.84 ac
  • Building Class C
  • Year Built 1997
  • Cap Rate 7.73 %
0 Transit Score
57 Walk Score

Description

NAI Ohio Equities is pleased to present this Advance Auto Parts property located in Kenton, Ohio. The subject property is a 5,675 SF facility sitting on 0.861 acres located off East Columbus Street less than one mile from Route 68. Advance Auto Parts recently signed a new five (5) year lease including one (1), five (5) year option to renew with a rent increase to $72,583.20 per year. The property is in close proximity to numerous retail amenities and OhioHealth Hardin Memorial Hospital.

Highlights

100% Occupied by Advance Auto Parts
New 5 year NNN Lease signed on 01/01/2018
Original Built-to-Suit in 1997
Rental Income is approximately $59,940 per year
Tenant has One (1), Five (5) year renewal option with significant rent increase

Property Flyers

Financial Summary

Cap Rate: 7.73 %

Major Tenants

Tenant SF Occupied Lease End Date
Advance Auto Parts 5,675 SF
Matt Gregory 614-629-5234 NAI Ohio Equities LLC
Matt Gregory 614-629-5234 NAI Ohio Equities LLC