For Sale
$1,680,000

3065 Maple Ave Zanesville, OH 43701

Ohio Auto Shop - NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity features a brand-new, 1,040-square-foot Take 5 Oil Change in Zanesville, Ohio. Located at 3065 Maple Avenue, this property sits on a 0.58-acre lot and boasts a 20-year triple-net (NNN) lease with a strong corporate guarantee from Driven Funding Holdco, LLC, a company operating approximately 3,500 units. The lease commenced upon closing and includes annual rent increases of 1.50%, ensuring consistent income growth. The current annual net operating income (NOI) is $105,000, representing a 6.25% capitalization rate on the $1,680,000 asking price. Built in 2024, this property offers a secure, long-term investment with minimal management responsibilities due to the NNN lease structure. The price per square foot is $1,615.38. This is a single-tenant property with 100% occupancy. The property is located in Muskingum County, Ohio, zip code 43701. This is a highly desirable investment for those seeking stable, passive income with significant upside potential.

Property Details for 3065 Maple Ave

Property type
Retail properties, Auto shops
Square Feet
1,040 SF
Year Built
2024
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Zanesville
County
Muskingum
State
Ohio
Latitude
39.977835
Longitude
-82.016418

FAQs

What type of property is this?
Retail property - Ohio Auto Shop - NNN Lease
Where is the retail property located?
The property is located at 3065 Maple Ave Zanesville, OH.
What is the asking price?
The asking price for this property is $1,680,000.
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.
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3065 Maple Ave
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