19 N Main St - Warehouse FOR SALE


New London, OH 44851
$324,000 USD
330-722-5002
19 N Main St, New London, OH for Sale
$324,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

19 N Main St
New London, OH 44851


HIGHLIGHTS

  • Available: 12,789 SF | .588 AC
  • Term: 3 Year NNN lease remaining through January 2029 with three 5 year options. Guarantee by Genuine Parts Company, dba NAPA Auto Parts
  • 7 Overhead Doors: 6 - 10' x 10' and 1 – 12' x 12'
  • Parking: 12 Spaces
  • Zoning: DBD (Downtown Business District)
  • 2024 Annual Real Estate Taxes: $3,180.98

OVERVIEW

This property is an AGENT OWNED property currently leased to NAPA Auto Parts, Inc., a nationally recognized and creditworthy tenant with over 6,000 locations across North America. The current lease runs through January 2029 with three additional five-year renewal options, offering long-term income stability. NAPA is responsible for property taxes and insurance, while the landlord maintains the building structure and site, resulting in minimal management and predictable cash flow. The property offers 12 parking spaces and seven overhead doors (six measuring 10’ x 10’ and one at 12’ x 12’), supporting excellent operational flexibility. Zoned DBD (Downtown Business District), the site accommodates a wide range of commercial uses and future adaptability. With scheduled rent escalations every five years, this asset represents a secure, low-maintenance investment backed by a strong national tenant and prime downtown location.

FOR SALE DETAILS

PRICE

$324,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63

LAND SF

27,443

ZONING

DBD

APN/PARCEL ID

26-0180-02-009-0000

ASK ABOUT THIS PROPERTY

Cody SinclairGerspacher Real Estate GroupMore Info
330-722-5002

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Cody SinclairGerspacher Real Estate GroupMore Info
330-722-5002

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