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4596 Old Troy Pike - Quality Lube and Filter 1,588 SF Specialty Building Offered at $665,797 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 | $665,797 CAD | Building Class | C |
| Price Per SF | $419.27 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 | $665,797 CAD |
| Price Per SF | $419.27 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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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | I39-00802-0007 | Improvements Assessment | $19,354 CAD |
| Land Assessment | $35,622 CAD | Total Assessment | $54,976 CAD |
Property Taxes
Parcel Number
I39-00802-0007
Land Assessment
$35,622 CAD
Improvements Assessment
$19,354 CAD
Total Assessment
$54,976 CAD
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4596 Old Troy Pike - Quality Lube and Filter
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