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19 N Main St 12,789 SF Retail Building New London, OH 44851 $310,000 ($24.24/SF) 8.90% Cap Rate
Investment Highlights
- Available: 12,789 SF | .588 AC
- 7 Overhead Doors: 6 - 10' x 10' and 1 – 12' x 12'
- Zoning: DBD (Downtown Business District)
- Term: 3 Year NNN lease remaining through January 2029 with three 5 year options. Guarantee by Genuine Parts Company, dba NAPA Auto Parts
- Parking: 12 Spaces
- 2024 Annual Real Estate Taxes: $3,180.98
Executive Summary
This property is an AGENT OWNED property currently leased to NAPA Auto Parts, Inc., a nationally recognized and creditworthy tenant with over 6,000 locations across North America. The current lease runs through January 2029 with three additional five-year renewal options, offering long-term income stability. NAPA is responsible for property taxes and insurance, while the landlord maintains the building structure and site, resulting in minimal management and predictable cash flow. The property offers 12 parking
spaces and seven overhead doors (six measuring 10’ x 10’ and one at 12’ x 12’), supporting excellent operational flexibility. Zoned DBD (Downtown Business District), the site accommodates a wide range of commercial uses and future adaptability. With scheduled rent escalations every five years, this asset represents a secure, low-maintenance investment backed by a strong national tenant and prime downtown location.
spaces and seven overhead doors (six measuring 10’ x 10’ and one at 12’ x 12’), supporting excellent operational flexibility. Zoned DBD (Downtown Business District), the site accommodates a wide range of commercial uses and future adaptability. With scheduled rent escalations every five years, this asset represents a secure, low-maintenance investment backed by a strong national tenant and prime downtown location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
12,789 SF
Building Class
B
Year Built/Renovated
2004/2009
Price
$310,000
Price Per SF
$24.24
Cap Rate
8.90%
NOI
$27,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.63 AC
Zoning
DBD - Downtown Business District
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 26-0180-02-009-0000 | Improvements Assessment | $66,350 |
| Land Assessment | $6,750 | Total Assessment | $73,100 |
Property Taxes
Parcel Number
26-0180-02-009-0000
Land Assessment
$6,750
Improvements Assessment
$66,350
Total Assessment
$73,100
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19 N Main St
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