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CheckSmart 234 Pike St 1,300 SF Retail Building Marietta, OH 45750 $681,464 CAD ($524.20 CAD/SF) 9.02% Cap Rate
Investment Highlights
- Approximately 3.5 Years Remaining | Options To Extend | Low Rent
- Corner Intersection (31,000 VPD) | Excellent Visibility | Historic Downtown Marietta | Lafayette Center (139,000 SF)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• CheckSmart corporate guaranteed lease
• 3.5 years remaining with 4 (5-year) option periods to extend
• The tenant is enjoying low rent of only $3,750/mo for a prime corner intersection piece of real estate
• CheckSmart has operated at this location for over a decade
• 3.5 years remaining with 4 (5-year) option periods to extend
• The tenant is enjoying low rent of only $3,750/mo for a prime corner intersection piece of real estate
• CheckSmart has operated at this location for over a decade
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,300 SF
Building Class
C
Year Built/Renovated
1959/2003
Price
$681,464 CAD
Price Per SF
$524.20 CAD
Cap Rate
9.02%
NOI
$61,455 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.66 AC
Zoning
C3 - General Retail & Service District
Parking
8 Spaces (6.15 Spaces per 1,000 SF Leased)
Frontage
70’ on Pike St
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $45,857 CAD | |
| Land Assessment | $71,382 CAD | Total Assessment | $117,239 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$71,382 CAD
Improvements Assessment
$45,857 CAD
Total Assessment
$117,239 CAD
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CheckSmart | 234 Pike St
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