19 N Main St - Retail FOR SALE


New London, OH 44851
$289,000 USD
330-722-5002
19 N Main St, New London, OH for Sale
$289,000 USD
Retail - FOR SALE
1/10
null | 9.65% 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'
  • Price per SF: $22/SF
  • Zoning: DBD (Downtown Business District)
  • 2024 Annual Real Estate Taxes: $3,180.98

OVERVIEW

This is an agent-owned property offering investors a rare opportunity to acquire a NNN-leased asset backed by a Fortune 500 corporate guarantor. The property is leased to Genuine Parts Company (NYSE: GPC), one of the largest and most financially stable distributors in North America, operating under the NAPA Auto Parts brand across more than 6,000 locations. The current lease runs through January 2029 with three additional five-year renewal options, scheduled rent escalations of 3% at each option period, and the tenant responsible for real estate taxes and insurance, resulting in predictable, low-management cash flow with built-in inflation protection. The building offers 12,789 square feet with seven overhead doors and 12 parking spaces, providing strong operational utility and flexible re-tenanting potential. Zoned Downtown Business District (DBD), the site accommodates a wide range of commercial uses. Environmental due diligence has been completed, including a Phase I assessment and subsurface analysis confirming no underground storage tanks and clean groundwater, with documentation available to qualified buyers upon request.

FOR SALE DETAILS

PRICE

$289,000 USD

PRICE/SF

$23 USD /SF

CAP RATE

9.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

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.