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2298 Elida Rd 3,802 SF Retail Building Lima, OH 45805 $3,274,176 CAD ($861.17 CAD/SF) 8% Cap Rate
Investment Highlights
- 12 Year Sale Leaseback at COE w/ 12% Rent Increases every 4 years During Initial Term
- Hard Corner in Primary Retail Corridor
- Tenant has been at this location for 30 years - Proven staple in the community
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,802 SF
Building Class
B
Year Built
1996
Price
$3,274,176 CAD
Price Per SF
$861.17 CAD
Cap Rate
8%
NOI
$261,934 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.29 AC
Parking
17 Spaces (4.47 Spaces per 1,000 SF Leased)
Frontage
197’ on Elida Road
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-23-11-03-004.000 | Improvements Assessment | $186,198 CAD |
| Land Assessment | $56,886 CAD | Total Assessment | $243,083 CAD |
Property Taxes
Parcel Number
36-23-11-03-004.000
Land Assessment
$56,886 CAD
Improvements Assessment
$186,198 CAD
Total Assessment
$243,083 CAD
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2298 Elida Rd
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