1541 River Valley Cir N - Freestanding FOR SALE


Lancaster, OH 43130
$2,832,000 USD
818-632-9542
1541 River Valley Cir N, Lancaster, OH for Sale
$2,832,000 USD
Freestanding - FOR SALE
1/3
null | 8.5% Cap Rate

1541 River Valley Cir N
Lancaster, OH 43130


HIGHLIGHTS

  • Corporately Guaranteed Lease
  • Scheduled Rent Escalations
  • Strong Retail Corridor
  • Established Tenant History

OVERVIEW

Surmount is pleased to present the exclusive listing for an OfficeMax located at 1541 River Valley Circle North, Lancaster, OH 43130. The site consists of roughly 23,484 rentable square feet of building space on an estimated 3.24-acre parcel of land. OfficeMax is subject to a 30.5-year Double Net (NN) lease, which commenced 3.10.1998. The current annual rent is $240,711 and has scheduled increases in the base term and at its option period.

FOR SALE DETAILS

PRICE

$2,832,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OfficeMax

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket, Health Club, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

-

APN/PARCEL ID

05-31010-330

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

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