1650 Columbus Ave - Freestanding FOR SALE
Washington Court House, OH 43160 |
$2,300,000 USD
216-264-2000
1650 Columbus Ave
Washington Court House, OH 43160
HIGHLIGHTS
- Tractor Supply Co. Double-Net Lease with 8.2 Years Remaining in Washington Court House, OH
- Low Rent of Only $3.82/SF; Offered Well-Below Replacement Cost at $58/SF
- 5.4% Upcoming Rent Increase in June 2025 adds 36 bps to Cap Rate
- Minimal Landlord Responsibilities – Roof & Structure Only; Tenant Self-Maintains HVAC, Parking Lot, CAM & Insurance, Reimburses Taxes
- Landlord Acquired Additional 1.37-Acre Land Parcel Adjacent to Building in 2023 & Leased to Tenant for Additional $9,600 Annual Rent
- Located Along Columbus Ave – Major Retail Corridor & Primary Arterial with 9,400 VPD; 19,600/5-Mi Population
FOR SALE DETAILS
PRICE
$2,300,000 USD
PRICE/SF
$58 USD /SF
CAP RATE
6.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tractor Supply Co- Washington Court House, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
315
LAND DETAILS
LAND ACRES
6.75 AC
LAND SF
294,030 SF
ZONING
C
APN/PARCEL ID
211-014-100-097-01,211-014-100-097-25
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216-264-2000
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216-264-2000
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