1510 W Michigan St - Auto Repair FOR SALE
Sidney, OH 45365 |
$1,395,000 USD
216-264-2000
1510 W Michigan St
Sidney, OH 45365
HIGHLIGHTS
- Advance Auto Parts NNN Lease with 6.75 Years Remaining in Sidney, OH (48K-Person MSA)
- Hard Corner, Highway-Exit Site – Just 0.15-Mile East of I-75 Exit Ramps (I-75 = 49,900 VPD)
- Strong Intrinsic Value in the Underlying Highway-Adjacent Real Estate; Low Price/ SF of $228
- Demonstrated Commitment to Site via 2021 Lease Extension; Extended 6 Years Early for Additional 5-Year Term
- Minimal Landlord Responsibilities – “Structure” Only; Tenant Fully Responsible for Roof & HVAC During Current Term
- 2011 Built-to-Suit, 6,124 SF All-Masonry Building on 0.69-Acre Site with Excellent Visibility, 2 Curb Cuts & Pylon Sign
FOR SALE DETAILS
PRICE
$1,395,000 USD
PRICE/SF
$486 USD /SF
CAP RATE
7.51%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
CROSS STREETS
6th Avenue
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
CC
APN/PARCEL ID
01-18-26-455-022
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
216-264-2000
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
216-264-2000
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
