601 Trenton Ave - Restaurant FOR SALE


Findlay, OH 45840
$1,600,000 USD
332-345-4222
601 Trenton Ave, Findlay, OH for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/2
null | 6.25% Cap Rate

601 Trenton Ave
Findlay, OH 45840


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Funding Holdco, LLC (~3,500+ Units)
  • Attractive Rental Increases | 1.50% Annually Starting Year 2

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 601 West Trenton Avenue in Findlay, Ohio. The site consists of roughly 1,418 rentable square feet of building space on estimated 0.55-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $100,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$649 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

60-0001008443

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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