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Meineke | New 20yr Abs NNN w/ Incrs 5500 N High St 4,266 SF Retail Building Columbus, OH 43214 $1,915,830 CAD ($449.09 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 20 Year Lease | Franchisee Personal Guaranty
- Initial Rent Abatement & Tax Advantages | Buyer Credit at Close
- Dense Retail Trade Area | Strong National Co-Tenancy
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized Retail Corridor | N. High Street / U.S. Highway 23 | Excellent Visibility & Access
- Strong Demographics | Columbus MSA
Executive Summary
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Columbus, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,266 SF
Building Class
C
Year Built/Renovated
1984/2026
Price
$1,915,830 CAD
Price Per SF
$449.09 CAD
Cap Rate
6.25%
NOI
$119,770 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.35 AC
Zoning
Mixed-Use
Parking
15 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Meineke
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Meineke | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $144,130 CAD | |
| Land Assessment | $126,963 CAD | Total Assessment | $271,093 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$126,963 CAD
Improvements Assessment
$144,130 CAD
Total Assessment
$271,093 CAD
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Meineke | New 20yr Abs NNN w/ Incrs | 5500 N High St
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