1133 Bellefontaine Ave - Freestanding FOR SALE
Lima, OH 45804 |
$1,090,000 USD
216-264-2000
1133 Bellefontaine Ave
Lima, OH 45804
HIGHLIGHTS
- Advance Auto Parts Double-Net Lease with 5.75 Years Remaining in Lima, OH
- Demonstrated Commitment to via 2021 Lease Extension; Extended 4 Years Early for Additional 5-Year Term in Exchange for 5% Rent Reduction
- In-Place Since 1997 – 28 Years of Tenancy with History of Renewals/Extensions
- Low Rent of $11.67/SF and Low Price/SF of $156
- Reported Sales of $1.26 Million (CY 2023) – Low Rent-to-Sales Ratio of 6.5%
- Hard Corner Site; Situated Along Bellefontaine Avenue with 12,095 VPD
FOR SALE DETAILS
PRICE
$1,090,000 USD
PRICE/SF
$158 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.7 AC
LAND SF
30,492 SF
ZONING
Commerical
APN/PARCEL ID
37-32-10-14-015.000,37-32-10-14-016.000
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216-264-2000
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216-264-2000
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