4236 Buckeye PkwyGrove City, OH 43123

Property Details for 4236 Buckeye Pkwy

Year built

2010

Lot size

0.91 AC

Property size (Sq ft)

3,557 SF

Property type

Retail properties

Property subtype

Banks

APN

040-014752

APU

40014752

Description

This exceptional sale-leaseback opportunity presents a 3,557 square foot single-tenant retail building located at 4236 Buckeye Pkwy, Grove City, Ohio 43123. The property, built in 2010, sits on a 0.91-acre lot and features a convenient two-lane drive-thru. Currently occupied by Telhio Credit Union under a 15-year fully net lease, the property offers a compelling investment with a 5.75% cap rate. The lease boasts a base rent of $40 per square foot, escalating by 10% every five years, ensuring consistent income growth. The building is a single-story structure with a strong tenant in Telhio, a federally insured, state-chartered credit union serving over 67,000 members across nine locations in Columbus and Cincinnati. The property's APN is 040-014752. This is a rare opportunity to acquire a stable, income-producing asset with a long-term lease and significant upside potential. The asking price is $2,474,434. This sale-leaseback transaction provides a secure investment with a proven tenant and a predictable income stream.

• CAP approach

  CAP return

  Valuation

  6%

  $807,201

  6.5%

  $745,109

  7%

  $691,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $838,459

  Geo Method

  $838,459

• Alternative Use

  Use

  Valuation

  Residential

  $628,527

  Hospitality

  $575,727

  Educational

  $478,998

  Medical

  $495,472

  Retail

  $745,109

Location Insight

City

Grove City

County

Franklin

State

Ohio

Latitude

39.8761

Longitude

-83.0392

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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