5500 N High St - Auto Repair FOR SALE


Columbus, OH 43214- Clintonville
$1,405,000 USD
949-506-2007
5500 N High St, Columbus, OH for Sale
$1,405,000 USD
Auto Repair - FOR SALE
1/4
null | 6.25% Cap Rate

5500 N High St
Columbus, OH 43214
Clintonville


HIGHLIGHTS

  • Brand New 20 Year Lease | Franchisee Personal Guaranty
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Initial Rent Abatement & Tax Advantages | Buyer Credit at Close
  • Signalized Retail Corridor | N. High Street / U.S. Highway 23 | Excellent Visibility & Access
  • Dense Retail Trade Area | Strong National Co-Tenancy
  • Strong Demographics | Columbus MSA

OVERVIEW

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Columbus, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$1,405,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke | New 20yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

Mixed-Use

APN/PARCEL ID

010-110603,010-110628,010-195794

ASK ABOUT THIS PROPERTY

Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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Cortland LioiSRS National Net LeaseMore Info
949-506-2007

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