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Midas 5891 Westerville Rd 4,956 SF Retail Building Westerville, OH 43081 $2,087,360 ($421.18/SF) 5.75% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Strong Retail Corridor with Robust Traffic Counts
- Affluent, Growing Trade Area
- Strong Unit - Level Performance
- Nearby Regional Medical Center
- Major Nearby Mixed - Use Development
Executive Summary
Surmount is pleased to present the exclusive listing for a Midas located at 5891 Westerville Road, Westerville, OH 43081. The site consists of roughly 4,956 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 $120,023 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
4,956 SF
Building Class
C
Year Built
1980
Price
$2,087,360
Price Per SF
$421.18
Cap Rate
5.75%
NOI
$120,023
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 110-000058 | Improvements Assessment | $129,570 |
| Land Assessment | $112,210 | Total Assessment | $241,780 |
Property Taxes
Parcel Number
110-000058
Land Assessment
$112,210
Improvements Assessment
$129,570
Total Assessment
$241,780
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