For Sale
$725,000
940 Columbus StKenton, OH 43326
Stable Retail Investment, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 10-Year Lease Renewal: AAP recently extended their lease through December 2034.
- 25+ Year Tenant History: AAP has occupied the property for over 25 years.
- Strong Credit Enhancement: AAP's pending $1.5B sale to Carlyle Group improves creditworthiness.
- Exceptional Value: Below $1M purchase price, 6.75% cap rate, strong tenant, and proven location.
- New Roof: Recent $40,000 roof replacement minimizes near-term capital expenditures.
Property Details for 940 Columbus St
- Property type
- Retail properties, Retail space
- Square Feet
- 5,675 SF
- Year Built/Renovated
- 1997/2024
- Lot Size (sq. ft)
- 36,590 SF
- Units
- 1
Location Insight
- City
- Kenton
- County
- Hardin
- State
- Ohio
- Latitude
- 40.6509995
- Longitude
- -83.5926865
940 Columbus St, Kenton, Ohio
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