5819 Cleveland Ave - Freestanding FOR SALE


Columbus, OH 43231
$1,125,000 USD
214-692-2847
5819 Cleveland Ave, Columbus, OH for Sale
$1,125,000 USD
Freestanding - FOR SALE
1/3
null | 6.4% Cap Rate

5819 Cleveland Ave
Columbus, OH 43231


HIGHLIGHTS

  • 25+ YEAR OPERATING HISTORY: This location originally opened as a Western Auto Supply store in 1965. Founded in Kansas City
  • PRICED BELOW REPLACEMENT COST: With the cost of construction rising rapidly the last several years, at just under $165 PSF there is significant value
  • POWER-CENTER SHADOW ANCHORED: This Advance Auto Parts location is shadowed by the +250,000 SF Columbus Square Power Center which drives local retail
  • COLUMBUS MARKET: Columbus is one of the fastest growing and affordable cities in the Midwest with strong employment and drivers such as the new $20B
  • NATIONAL FORTUNE 500 COMPANY: Advance Auto Parts operates 4,777 stores between the United States and Canada and serve 1,138 independently operated

OVERVIEW

Broker of Record Matt Wallace License No. REC.2022007141 (OH) (866) 889-0550 Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ADVANCE AUTO PARTS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

010-104541

ASK ABOUT THIS PROPERTY

Conrad SarrealMatthews Real Estate Investment ServicesMore Info
214-692-2847

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Conrad SarrealMatthews Real Estate Investment ServicesMore Info
214-692-2847

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.