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CheckSmart 234 Pike St 1,300 SF Retail Building Marietta, OH 45750 $550,000 ($423.08/SF) 8.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 4 Years Remaining | Scheduled Rental Increases
- Lafayette Center (139,000 SF) | Interstate 77 (21,300 VPD) |Washington Shopping Center (58,000 SF) | Primary Retail Corridor
- NNN Leased | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• Approximately 4 years remaining with 3 (5-year) option periods to extend
• Features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,300 SF
Building Class
C
Year Built/Renovated
1959/2003
Price
$550,000
Price Per SF
$423.08
Cap Rate
8.18%
NOI
$45,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.66 AC
Zoning
C3 - General Retail & Service District
Parking
8 Spaces (6.15 Spaces per 1,000 SF Leased)
Frontage
70’ on Pike St
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $33,110 | |
| Land Assessment | $51,540 | Total Assessment | $84,650 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$51,540
Improvements Assessment
$33,110
Total Assessment
$84,650
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CheckSmart | 234 Pike St
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