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Take 5 Oil Change 1992 Main st

1,803 SF Retail Building Ashland, OH 44805 £1,327,217 (£736/SF) 6.25% Net Initial Yield

Investment Highlights

  • At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple- Net Lease. The Lease will Have No Landlord Responsibilities
  • Subject Property is an Outparcel to a Walmart Supercenter
  • The Lease Features One and a Half Percent (1.50%) Annual Rental Increases and Four (4), Five (5) Year Renewal Options

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 1992 E Main St, Ashland, OH 44805. The site consists of roughly 1,803 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Take 5 Oil Change is subject to a 20 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $105,000 and has scheduled increases of 1.50% Annually.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
1,803 SF
Building Class
C
Year Built
2024
Price
£1,327,217
Price Per SF
£736
Net Initial Yield
6.25%
NOI
£82,951
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Land Acres
1.15 AC
Parking
28 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
100 ft on East Main Street
1 of 1

PROPERTY TAXES

Parcel Number P43-196-0-0002-01 Improvements Assessment £855,628
Land Assessment £102,456 Total Assessment £958,085

PROPERTY TAXES

Parcel Number
P43-196-0-0002-01
Land Assessment
£102,456
Improvements Assessment
£855,628
Total Assessment
£958,085
  • Glen Kunofsky
    Power Broker Glen Kunofsky
  • Edward Otocka
    Edward Otocka
  • Amelia Haydock
    Amelia Haydock
  • Francis Purritano
    Francis Purritano
  • Gordon Pollock
    Gordon Pollock
(332) 345-4222

  • Listing ID: 32503336

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 1992 Main st, Ashland, OH 44805

The Retail Property at 1992 Main st, Ashland, OH 44805 is currently available For Sale. Contact NNN Pro Group for more information.

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1992 Main st, Ashland, OH for sale Primary Photo- Image 1 of 3
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© 2024 CoStar Group

Take 5 Oil Change | 1992 Main st
(332) 345-4222 x

Take 5 Oil Change | 1992 Main st

1/5

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(332) 345-4217

(332) 345-4217

Amelia Haydock

(332) 345-2408

(332) 345-2408

Francis Purritano

(332) 345-4311

(332) 345-4311

Gordon Pollock

(332) 345-7294

(332) 345-7294

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