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4596 Old Troy Pike - Quality Lube and Filter 1,588 SF Specialty Building Offered at $670,844 CAD at a 8.47% Cap Rate in Riverside, OH 45404
Executive Summary
This automotive after-care lube shop is on a full triple net lease. The five year lease has 3% increases per year with two five year options also with rent increases. The shop has two drive in doors and work bays. The work bays have service pits. The shop is located on the corner of a signalized intersection at Old Troy Pike (SR 202) and Needmore Road approximately 2 miles from I-75 in Riverside. Ohio. Base rent on the NNN lease will increase to $35,009.70 August 1, 2025. Tenant is solely responsible for ALL RE taxes, insurance, and CAM, plus utilities. Great opportunity to earn passive income on a bullet-proof business with a long term tenant.
Property Facts
| Price | $670,844 CAD | Building Class | C |
| Price Per SF | $422.45 CAD | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 1,588 SF |
| Cap Rate | 8.47% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1959 |
| Price | $670,844 CAD |
| Price Per SF | $422.45 CAD |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 1,588 SF |
| No. Stories | 1 |
| Year Built | 1959 |
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Property Taxes
| Parcel Number | I39-00802-0007 | Improvements Assessment | $19,207 CAD |
| Land Assessment | $35,352 CAD | Total Assessment | $54,559 CAD |
Property Taxes
Parcel Number
I39-00802-0007
Land Assessment
$35,352 CAD
Improvements Assessment
$19,207 CAD
Total Assessment
$54,559 CAD
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4596 Old Troy Pike - Quality Lube and Filter
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