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Midas 2562 Columbus St 4,238 SF Retail Building Grove City, OH 43123 $2,387,042 ($563.25/SF) 5.75% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Positioned Within a Grocery - Anchored Retail Hub
- Growing Healthcare Infrastructure Nearby
- Robust Unit - Level Performance
- Affluent, Rapidly Growing Submarket
- Direct Highway Access to Columbus
Executive Summary
Surmount is pleased to present the exclusive listing for a Midas located at 2562 Columbus Street, Grove City, OH 43123. The site consists of roughly 4,238 rentable square feet of building space. Midas is subject to a 20-year Triple Net (NNN) lease which commenced on September 1, 2026. The annual rent is $137,255 and has scheduled increases of 1.50% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,238 SF
Building Class
C
Year Built/Renovated
1966/1990
Price
$2,387,042
Price Per SF
$563.25
Cap Rate
5.75%
NOI
$137,255
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.47 AC
Frontage
207’ on Columbus St
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 040-001769 | Improvements Assessment | $86,380 |
| Land Assessment | $64,750 | Total Assessment | $151,130 |
Property Taxes
Parcel Number
040-001769
Land Assessment
$64,750
Improvements Assessment
$86,380
Total Assessment
$151,130
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