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4596 Old Troy Pike - Quality Lube and Filter 1,588 SF Specialty Building Offered at $490,000 at a 8.47% Cap Rate in Riverside, OH 45404
EXECUTIVE SUMMARY
This automotive after-care lube shop is on a full triple net lease. The five year lease has 3% increases per year with two five year options also with rent increases. The shop has two drive in doors and work bays. The work bays have service pits. The shop is located on the corner of a signalized intersection at Old Troy Pike (SR 202) and Needmore Road approximately 2 miles from I-75 in Riverside. Ohio. Base rent on the NNN lease will increase to $35,009.70 August 1, 2025. Tenant is solely responsible for ALL RE taxes, insurance, and CAM, plus utilities. Great opportunity to earn passive income on a bullet-proof business with a long term tenant.
PROPERTY FACTS
| Price | $490,000 | Building Class | C |
| Price Per SF | $308.56 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 1,588 SF |
| Cap Rate | 8.47% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1959 |
| Price | $490,000 |
| Price Per SF | $308.56 |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 1,588 SF |
| No. Stories | 1 |
| Year Built | 1959 |
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PROPERTY TAXES
| Parcel Number | I39-00802-0007 | Improvements Assessment | $14,050 |
| Land Assessment | $25,860 | Total Assessment | $39,910 |
PROPERTY TAXES
Parcel Number
I39-00802-0007
Land Assessment
$25,860
Improvements Assessment
$14,050
Total Assessment
$39,910
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4596 Old Troy Pike - Quality Lube and Filter
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