22 22Nd St Newark, OH 43055

This exceptional investment opportunity presents a well-maintained, two-story, Class B shopping center located at 22 N 22nd St, Newark, OH 43055. The 2,000-2,600 square foot property, built in 1978 and extensively renovated in 2021, boasts three fully occupied retail units under a triple-net (NNN) lease structure. Each unit features updated bathrooms, new flooring, LED lighting, and serviced HVAC systems. The property benefits from a strategic location off Main Street, enjoying high visibility and traffic counts of 13,000 cars daily. Its proximity to schools and a hospital further enhances its appeal. The current owner is offering this property for sale at $350,000, representing a compelling 6.26% cap rate with a net operating income (NOI) of $21,900. The leases have a remaining term of five years, with built-in 5% annual rent bumps, ensuring consistent income growth. The property includes ample parking (9 spaces per 1,000 sq ft) and is zoned for commercial use. This is a turnkey investment with strong tenant occupancy and a proven track record of profitability. The property features updated exterior security lighting. All units have separate utility meters. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable location.