For Sale
$4,347,826

600 Trenton Ave Findlay, OH 45840

High-return car wash, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 3,677 square foot, single-tenant car wash located at 600 W Trenton Ave, Findlay, OH 45840. The property boasts a strong 6.90% cap rate and a substantial net operating income (NOI) of $300,000. Situated on a 0.86-acre corner lot, this car wash benefits from high visibility and easy access along US 224. The absolute NNN lease agreement, with zero landlord responsibilities, provides significant investor security and features a remaining term of 15.2 years, extending to January 31, 2040. Annual rent escalations of 1.25% further enhance the investment's long-term value. Built in 2015, the property is currently operating at 100% occupancy. The lease includes four 5-year renewal options. Findlay, Ohio, offers a robust local economy anchored by major employers such as Marathon Petroleum, Cooper Tire & Rubber Company, and numerous distribution centers. This thriving community, with a population of approximately 40,000, also benefits from the presence of the University of Findlay. The asking price for this exceptional investment is $4,347,826, translating to a price per square foot of $1,182.44. This represents a compelling opportunity for investors seeking a stable, high-performing asset in a desirable market.

Highlights

  • Absolute NNN lease with zero landlord responsibilities.
  • Prime location on US 224, near I-75, offering high visibility from a corner lot.
  • Built in 2015, the 3,677 SF single-tenant car wash enjoys 100% occupancy.
  • Annual rent increases of 1.25%.
  • Strong investment fundamentals: 6.90% cap rate, $300,000 NOI, $4,347,826 asking price ($1,182.44/SF).

Property Details for 600 Trenton Ave

Property type
Specialty properties, Car washes
Square Feet
3,677 SF
Year Built
2015
Buildings
1
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Findlay
County
Hancock
State
Ohio
Latitude
41.0592638
Longitude
-83.6599026

FAQs

What type of property is this?
Specialty property - High-return car wash, prime location.
Where is the specialty property located?
The property is located at 600 Trenton Ave Findlay, OH.
What is the asking price?
The asking price for this property is $4,347,826.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities.; Prime location on US 224, near I-75, offering high visibility from a corner lot.; Built in 2015, the 3,677 SF single-tenant car wash enjoys 100% occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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600 Trenton Ave
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