404 East Ave | Elyria, OH 44035
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404 East Ave
Elyria, OH 44035
Absolute NNN Leased C-Store/Gas Station · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 20-YEAR, ABSOLUTE NNN LEASE
- SCHEDULED 1.75% ANNUAL RENT INCREASES
- OPERATOR SUPPLIES 210 MILLION GALLONS OF FUEL ANNUALLY
- ZERO LANDLORD OBLIGATIONS
- LEADING 462-UNIT OPERATOR GENERATING OVER $412 MILLION ANNUAL REVENUES AND $55 MILLION ANNUAL EBITDA
- RAPIDLY-GROWING OPERATOR; ACQUIRED 43 NEW LOCATIONS LAST YEAR AND IN PROCESS OF ACQUIRING 57 NEW SITES
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
1,040 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.37 AC
Zoning
Commercial
Frontage
157’ on East Ave
PROPERTY TAXES
| Parcel Number | 06-26-052-000-033 | Improvements Assessment | $285,002 |
| Land Assessment | $70,000 | Total Assessment | $355,002 |
PROPERTY TAXES
Parcel Number
06-26-052-000-033
Land Assessment
$70,000
Improvements Assessment
$285,002
Total Assessment
$355,002
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