893 Refugee Rd - Auto Repair FOR SALE


Pickerington, OH 43147
$1,810,000 USD
949-506-2007
893 Refugee Rd, Pickerington, OH for Sale
$1,810,000 USD
Auto Repair - FOR SALE
1/9
null | 5.25% Cap Rate

893 Refugee Rd
Pickerington, OH 43147


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership
  • Outparcel to Giant Eagle Grocery | Windmiller Square
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Valvoline investment property located in Pickerington, Ohio. The tenant, Valvoline, recently signed a brand new 15-year lease extension with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,810,000 USD

PRICE/SF

$1,441 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp Valvoline | New 15-Yr Extension | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C-3

APN/PARCEL ID

04-11189-400

ASK ABOUT THIS PROPERTY

Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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

Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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