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729-731 Columbus ave
Lebanon, OH 45036
Retail Property For Sale
Investment Highlights
- Prime Location Along Columbus Avenue (US-42)
- Tenants: Little Caesars, Hot Head Burritos, Vacant Space
- Pro-forma CAP: 8.5% (Assuming 100% Leased)
- Excellent Visibility and Frontage
- Convenient access to SR-48, SR-63, and I-71
- Current CAP: 6.7% (As is Occupancy)
Executive Summary
Attractive investment opportunity in Lebanon’s dominant retail corridor, offering excellent visibility, easy access, and strong consumer traffic. Consisting of two separate retail buildings sitting on approximately 1.25 AC and comprised of 4,768 SF. One of the buildings is completely occupied by Hot Head Burritos and the other building is partly occupied by Little Caesars Pizza with an additional 1,495 SF available for rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,768 SF
Year Built
1976
Price
$1,290,844
Price Per SF
$270.73
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.25 AC
Frontage
180’ on Columbus Avenue
Property Taxes
| Parcel Number | 13-36-253-011 | Improvements Assessment | $217,790 |
| Land Assessment | $84,150 | Total Assessment | $301,940 |
Property Taxes
Parcel Number
13-36-253-011
Land Assessment
$84,150
Improvements Assessment
$217,790
Total Assessment
$301,940
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