225 Milan Ave - Freestanding FOR SALE


Norwalk, OH 44857
$1,203,000 USD
480-221-4221
225 Milan Ave, Norwalk, OH for Sale
$1,203,000 USD
Freestanding - FOR SALE
1/6
null | 6.75% Cap Rate

225 Milan Ave
Norwalk, OH 44857


HIGHLIGHTS

  • Over 3 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Walmart Supercenter | Norwalk Korners Plaza (77,000 SF) | Mid-Town Shopping Center (76,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• Over 3 years remaining with 2 (5-year) option periods to extend • Lease is corporate signed by Advance Stores Company, Incorporated • Features 5% rental increases at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,203,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

MB

APN/PARCEL ID

33-012B-01-003-0100

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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