3552 E Main St - Freestanding FOR SALE


Whitehall, OH 43213
$2,889,230 USD
765-293-2933
3552 E Main St, Whitehall, OH for Sale
$2,889,230 USD
Freestanding - FOR SALE
1/10
null | 6.5% Cap Rate

3552 E Main St
Whitehall, OH 43213


HIGHLIGHTS

  • 2% Annual Increases, providing steady NOI growth.
  • Long-term Absolute NNN lease with over 29+ years remaining on initial lease term.
  • No Landlord Responsibilities, Tenant pays all taxes, insurance, utilities, and maintenance, and maintains liability and full replacement-cost property
  • Laundromax together with its affiliates are the largest operator of laundromats by volume in the US, with 85+ locations across multiple states.
  • Hard, Signalized Corner with Pylon Signage, offering exceptional visibility and traffic exposure.
  • Excellent Access and Site Functionality, with ingress/egress from both bordering streets and additional rear parking area.

OVERVIEW

Bellagio Real Estate Partners, LLC, in conjunction with 360 Real Estate Advisors, is pleased to present Laundromax, located at 3552 East Main Street in Columbus, Ohio. The freestanding retail asset is leased to Laundromax under a long-term lease with over 29+ years remaining on its initial lease term and 2% annual rent increases, providing predictable cash flow and strong long-term tenant commitment. Laundromax makes a substantial capital commitment to each location, investing approximately $2 million on average in buildout costs. This Laundromax is operating under a single purpose entity; however, Laundromax together with its affiliates are the largest operator of laundromats by volume in the US. The building consists of 7,800 square feet situated on 0.932 acres and is positioned along East Main Street, a primary retail corridor serving East Columbus. The site benefits from strong visibility, convenient access, and a newly constructed apartment complex located directly west of the property, which further enhances the immediate customer base, supports sustained foot traffic, and drives long-term demand for laundromat services.

FOR SALE DETAILS

PRICE

$2,889,230 USD

PRICE/SF

$370 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

GCD, Whitehall

APN/PARCEL ID

090-000585

ASK ABOUT THIS PROPERTY

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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