0 Columbus StCanal Winchester, OH 43136
- Retail properties
- 1,508 SF
Property Details for 0 Columbus St
- Year built
- 2023
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 1,508 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Exceptional investment opportunity: a thriving 1,508 sq ft restaurant building in Lithopolis, Ohio, currently leased to The Pump House Bar and Pizzeria. This single-tenant property boasts a strong 6.5% cap rate, generating $40,800 in annual net operating income. The lease, initiated in September 2023, extends to September 2028, with a five-year renewal option at an increased monthly rent of $3,740. The property sits on a 0.11-acre lot and is zoned C (Commercial). Annual real estate taxes, paid by the owner, amount to $1,454. The building, constructed in 2023, offers a secure and profitable investment in a growing area. The property's APN is 01-00216-300. This turnkey operation presents a compelling opportunity for passive income generation with a well-established tenant and a favorable lease agreement. The property is located at 17-21 E Columbus St, Lithopolis, OH 43136. This is a NNN lease.
Location Insight
- City
- Canal Winchester
- County
- Fairfield
- State
- Ohio
- Latitude
- 39.8023
- Longitude
- -82.8064
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