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Take 5 Oil Change 1200 N 21st St 1,496 SF Retail Building Newark, OH 43055 $2,454,064 CAD ($1,640.42 CAD/SF) 6% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Long-Term 20-Year NNN Sale-Leaseback
- New Construction
- Attractive Annual Rental Increases
Executive Summary
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1200 N 21 St, Newark, OH 43055. The site consists of roughly 1,496 rentable square feet of building space on an estimated 0.49-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $107,500 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
1,496 SF
Building Class
C
Year Built
1962
Price
$2,454,064 CAD
Price Per SF
$1,640.42 CAD
Cap Rate
6%
NOI
$147,244 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.49 AC
Amenities
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 054-275124-00.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $87,681 CAD | Total Assessment | $87,681 CAD |
Property Taxes
Parcel Number
054-275124-00.000
Land Assessment
$87,681 CAD
Improvements Assessment
$0 CAD
Total Assessment
$87,681 CAD
Contacts
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1200 N 21st St
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