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Take 5 Oil Change 1200 N 21st St 1,496 sq ft Office Property Newark, OH 43055 £1,327,500 (£887.37/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Long-Term 20-Year NNN Sale-Leaseback
- New Construction
- Attractive Annual Rental Increases
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Take 5 Oil Change located at 1200 N 21 St, Newark, OH 43055. The site consists of roughly 1,496 rentable square feet of building space on an estimated 0.49-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $107,500 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Size
1,496 sq ft
Year Built
1962
Price
£1,327,500
Price per sq ft
£887.37
Yield
6%
NOI
£79,650
Tenancy
Single
Number of Floors
1
Typical Floor Size
1,496 sq ft
Plot ratio
0.07
Total Plot Size
0.49 ac
1 1
Walk Score®
Easily Walkable (75)
PROPERTY TAXES
| Parcel Number | 054-275124-00.000 | Improvements Assessment | £55,266 |
| Land Assessment | £46,938 | Total Assessment | £102,204 |
PROPERTY TAXES
Parcel Number
054-275124-00.000
Land Assessment
£46,938
Improvements Assessment
£55,266
Total Assessment
£102,204
CONTACTS
-
Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Gordon Pollock -
Christopher Marks -
Surmount
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Take 5 Oil Change | 1200 N 21st St
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