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Take 5 Oil Change 1200 N 21st St 1,496 SF Office Building Newark, OH 43055 $1,791,667 ($1,197.64/SF) 6% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Long-Term 20-Year NNN Sale-Leaseback
- New Construction
- Attractive Annual Rental Increases
Executive Summary
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1200 N 21 St, Newark, OH 43055. The site consists of roughly 1,496 rentable square feet of building space on an estimated 0.49-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $107,500 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
1,496 SF
Building Class
C
Year Built
1962
Price
$1,791,667
Price Per SF
$1,197.64
Cap Rate
6%
NOI
$107,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,496 SF
Building FAR
0.07
Lot Size
0.49 AC
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 054-275124-00.000 | Improvements Assessment | $74,590 |
| Land Assessment | $63,350 | Total Assessment | $137,940 |
Property Taxes
Parcel Number
054-275124-00.000
Land Assessment
$63,350
Improvements Assessment
$74,590
Total Assessment
$137,940
Contacts
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1200 N 21st St
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