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1133 Bellefontaine Ave
Lima, OH 45804
Retail Property For Sale
Investment Highlights
- Advance Auto Parts Double-Net Lease with 5.75 Years Remaining in Lima, OH
- In-Place Since 1997 – 28 Years of Tenancy with History of Renewals/Extensions
- Reported Sales of $1.26 Million (CY 2023) – Low Rent-to-Sales Ratio of 6.5%
- Demonstrated Commitment to via 2021 Lease Extension; Extended 4 Years Early for Additional 5-Year Term in Exchange for 5% Rent Reduction
- Low Rent of $11.67/SF and Low Price/SF of $156
- Hard Corner Site; Situated Along Bellefontaine Avenue with 12,095 VPD
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.70 AC
Zoning
Commerical - Class I Business retail
Property Taxes
| Parcel Numbers | Improvements Assessment | $155,440 | |
| Land Assessment | $44,660 | Total Assessment | $200,100 |
Property Taxes
Parcel Numbers
Land Assessment
$44,660
Improvements Assessment
$155,440
Total Assessment
$200,100
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