For Sale
$1,680,000
2285 Eastown RdLima, OH 45807
High-Yield NNN Auto Shop Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $1,680,000 asking price for a 1,438 SF Take 5 Oil Change in Lima, OH.
- 20-year NNN lease with a corporate guarantee from Driven Funding Holdco, LLC (approx. 3,500 units).
- 1.5% annual rent increases built into the $105,000 annual net operating income (NOI).
- 6.25% cap rate on a 100% occupied, newly built (2023) property.
- Located on a 1.4-acre lot at 2285 N Eastown Rd, Lima, OH 45807.
Property Details for 2285 Eastown Rd
- Property type
- Retail properties, Auto shops
- Square Feet
- 1,438 SF
- Year Built
- 2023
- Lot Size (sq. ft)
- 60,984 SF
Location Insight
- City
- Lima
- County
- Allen
- State
- Ohio
- Latitude
- 40.770186
- Longitude
- -84.166089
2285 Eastown Rd, Lima, Ohio
Nearby Similar for Sale
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