5420 Mahoning Ave | Youngstown, OH 44515
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- LoopNet Team
5420 Mahoning Ave
Youngstown, OH 44515
ModWash · Sports & Entertainment Property For Sale
·
26,805 SF
INVESTMENT HIGHLIGHTS
- BRAND NEW CONSTRUCTION SALE LEASEBACK - Built in 2021, this property features a 20-year Absolute NNN lease that will commence at close of escrow
- PROXIMITY TO PENNSYLVANIA - Property is less than 16 miles from the Pennsylvania and Ohio border, just west of Interstate 680.
- EXCELLENT EXPOSURE - The property sees over 19,000 vehicles per day on Mahoning Ave
- HIGHLY PROFITABLE BUSINESS - The EBIDTA margins on express tunnel sales are higher than most retailers, hovering in the 40 to 50% range
- STICKY BUSINESS MODEL - Due to the high cost for construction, difficulty with permits, and cost for machinery, carwashes don’t tend to move around
- CONSISTENT SALES - Sales are less volatile per month at express carwashes than other retailers due to the subscription model of memberships
PROPERTY FACTS
| Property Type | Sports & Entertainment | Building Size | 26,805 SF |
| Property Subtype | Skating Rink | No. Stories | 1 |
| Building Class | C | Year Built | 2021 |
| Lot Size | 2.94 AC | Tenancy | Single |
| Construction Status | Converted | Parking Ratio | 4.92/1,000 SF |
| Zoning | B-2 - Business Use | ||
| Property Type | Sports & Entertainment |
| Property Subtype | Skating Rink |
| Building Class | C |
| Lot Size | 2.94 AC |
| Construction Status | Converted |
| Building Size | 26,805 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Tenancy | Single |
| Parking Ratio | 4.92/1,000 SF |
| Zoning | B-2 - Business Use |
PROPERTY TAXES
| Parcel Number | 48-028-0-003.01-0 | Improvements Assessment | $261,170 |
| Land Assessment | $163,650 | Total Assessment | $424,820 |
PROPERTY TAXES
Parcel Number
48-028-0-003.01-0
Land Assessment
$163,650
Improvements Assessment
$261,170
Total Assessment
$424,820
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