1207 Columbus StKenton, OH 43326

This fee-simple retail property in Kenton, Ohio, presents a compelling investment opportunity. The 5,000 square foot building is currently 100% occupied by DaVita under a Net Lease (NN+) agreement with a remaining term of approximately 4.6 years, expiring June 29, 2029. The lease includes a recent extension executed in 2024 and an early termination clause exercisable after June 30, 2026, for a $100,000 fee. The property boasts a current NOI of $82,500, resulting in an 8.14% cap rate. Pro-forma NOI is projected at $125,800, also yielding an 8.14% cap rate. Built in 2012, the single-story building sits on a 2.09-acre lot, including 1.19 acres under the building and an additional 0.90 acres of excess land with significant development potential. The property's strategic outparcel location adjacent to a Walmart Supercenter and other national retailers ensures high visibility and strong tenant demographics. Landlord responsibilities include roof repair and structural maintenance