20 S Main St - Bank FOR SALE


Rittman, OH 44270
$600,000 USD
20 S Main St, Rittman, OH for Sale
$600,000 USD
Bank - FOR SALE
1/8
null | 7% Cap Rate

20 S Main St
Rittman, OH 44270


HIGHLIGHTS

  • Available: 12,960 SF
  • Acres: 0.556 AC
  • True NNN leased investment in Rittman, OH
  • Success on the Spectrum (SOS) Franchisee ready to commit to a 10-year lease with (2) 5-year options
  • Frontage: ±50 | Depth: ±100
  • Parking: ±20 Spaces

OVERVIEW

This is a unique opportunity to acquire a 12,960 SF single-tenant, absolute NNN investment property in Rittman, Ohio, leased to Success on the Spectrum – Rittman, a growing provider of Applied Behavior Analysis (ABA) therapy for children with autism. The current owner-occupier is prepared to execute a new 10-year lease with two five-year renewal options, offering long-term stability, and is willing to provide financials upon request. Rent will commence at $3,500 per month ($42,000 annually) for years 1–2, with 3% annual escalations beginning in year 3, providing consistent income growth. The lease is structured as a true triple-net (NNN), with the tenant responsible for all taxes, insurance, and maintenance, creating a passive investment for ownership. Success on the Spectrum operates within the rapidly expanding ABA therapy sector, a critical, needs-based healthcare service driven by rising autism diagnoses and demand for early intervention. Notably, ABA services are largely reimbursed through Medicaid and private insurance, offering a reliable and recession-resistant revenue stream for operators. This makes the property an attractive opportunity for investors seeking durable cash flow backed by a healthcare-oriented tenant.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C2

APN/PARCEL ID

63-00422-000,63-00423-000,63-02343-000

ASK ABOUT THIS PROPERTY

Troy GerspacherGerspacher Real Estate GroupMore Info

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Troy GerspacherGerspacher Real Estate GroupMore Info

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