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Take 5 Oil Change 1253 Mount Vernon Ave 1,496 SF Retail Building Marion, OH 43302 $2,000,000 ($1,336.90/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 1253 Mt. Vernon Ave, Marion, OH 43302. 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 $120,000 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,496 SF
Building Class
C
Year Built
2025
Price
$2,000,000
Price Per SF
$1,336.90
Cap Rate
6%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.85 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-0120600.300 | Improvements Assessment | $20,000 |
| Land Assessment | $29,320 | Total Assessment | $49,320 |
Property Taxes
Parcel Number
16-0120600.300
Land Assessment
$29,320
Improvements Assessment
$20,000
Total Assessment
$49,320
Contacts
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
John McHugh -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1253 Mount Vernon Ave
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