For Sale
$630,000

108 Main StNorth Baltimore, OH 45872

Profitable Bar, NNN Lease, Ohio

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2,506 square foot bar located at 108-110 N Main St, North Baltimore, Ohio, 45872. The property, situated on a 0.05-acre lot (APN 02-40149-100), is zoned C (Commercial) and boasts a strong financial performance. Currently operating at 100% occupancy, the single-tenant bar enjoys a triple-net (NNN) lease, generating a substantial annual income of $32,640. The lease, in place until 2026, provides a stable cash flow with minimal landlord responsibilities. The building underwent renovations in 2017, ensuring modern amenities and functionality. The asking price is $630,000, representing a compelling 4.9% capitalization rate. Annual real estate taxes of $927 are paid by the building owner. This turnkey investment offers a secure and profitable addition to any portfolio, with the potential for future appreciation. The property's strong tenant history and favorable lease terms make it an attractive option for investors seeking a low-risk, high-return investment in a thriving commercial area. The current lease is for $1,920 per month. No lease renewal option is currently in place.

Highlights

  • Cap Rate: 4.9%
  • Annual Net Operating Income (NOI): $32,640
  • Restaurant Lease: $23,040 annually
  • Apartment Lease: $9,600 annually
  • Real Estate Taxes: $927 annually (owner-paid)
  • Parcel Number: 02-40149-100

Property Details for 108 Main St

Property type
Retail properties, Bars
Square Feet
2,506 SF
Year Renovated
2017
Lot Size (sq. ft)
2,178 SF

Location Insight

City
North Baltimore
County
Wood
State
Ohio
Latitude
41.1819029
Longitude
-83.6779677
108 Main St, North Baltimore, Ohio

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108 Main St
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