1200 N 21st St - Office FOR SALE


Newark, OH 43055
$1,791,667 USD
332-345-4222
1200 N 21st St, Newark, OH for Sale
$1,791,667 USD
Office - FOR SALE
1/2
null | 6% Cap Rate

1200 N 21st St
Newark, OH 43055


HIGHLIGHTS

  • Strong Corporate Guarantee
  • New Construction
  • Long-Term 20-Year NNN Sale-Leaseback
  • Attractive Annual Rental Increases

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1200 N 21 St, Newark, OH 43055. The site consists of roughly 1,496 rentable square feet of building space on an estimated 0.49-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $107,500 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$1,791,667 USD

PRICE/SF

$880 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

054-275124-00.000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.