For Sale
$1,888,757.14

2385 Silver DrColumbus, OH 43211

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 6,672 square foot auto shop/storefront in Columbus, Ohio, currently leased to National Tire & Battery (NTB), now owned by Mavis Discount Tire, one of the largest independent automotive service businesses in the US. The property, built in 2002 and situated on a one-acre lot, features seven service bays. The current lease, a triple-net (NNN) agreement with a corporate guarantee from TBC Corporation, boasts a remaining term of approximately 3.3 years, followed by three five-year renewal options. The lease commenced February 28, 2003, and expires February 28, 2028. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $132,213, resulting in a 7.00% cap rate. The asking price is $1,888,757.14, translating to $283.09 per square foot. This prime Columbus location benefits from excellent demographics and proximity to numerous national retailers. The lease includes rent bumps, demonstrating the tenant's commitment to the property's long-term success. This is a rare opportunity to acquire a stable, high-performing investment with a strong tenant and significant upside potential.

Highlights

  • Triple-Net (NNN) lease; zero landlord responsibilities.
  • Lease guaranteed by TBC Corporation; Mavis Discount Tire acquired NTB in 2023.
  • 6,672 SF building on one-acre lot with seven service bays.
  • Lease with three five-year renewal options; tenant demonstrates strong commitment.
  • Mavis Discount Tire, a major national automotive service operator with over 2,000 locations.
  • Excellent Columbus, OH location near numerous national retailers; strong demographics.

Property Details for 2385 Silver Dr

Property type
Retail properties, Retail space
Square Feet
6,672 SF
Year Built
2002
Buildings
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.012769432998
Longitude
-82.994595422172
2385 Silver Dr, Columbus, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2385 Silver Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message