1253 Mt. Vernon Ave - Service Station FOR SALE


Marion, OH 43302
$2,000,000 USD
332-345-4222
1253 Mt. Vernon Ave, Marion, OH for Sale
$2,000,000 USD
Service Station - FOR SALE
1/2
null | 6% Cap Rate

1253 Mt. Vernon Ave
Marion, OH 43302


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 1253 Mt. Vernon Ave, Marion, OH 43302. 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 $120,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$2,506 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

16-0120600.300

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 Notice.