940 Columbus StKenton, OH 43326

Property Details for 940 Columbus St

Year built

1997

Lot size

0.84 AC

Property size (Sq ft)

5,550 SF

Property type

Retail space

APN

36-790016.0000

APU

367900160000

Description

This fee-simple retail property in Kenton, Ohio, presents a compelling investment opportunity. The 5,675 square foot storefront is 100% occupied by a credit-rated Advance Auto Parts under a triple-net (NN) lease with a corporate guarantee, extending to December 31, 2034 (10.1 years remaining). The property boasts a strong net operating income (NOI) of $48,912, yielding a 6.75% cap rate on an asking price of $725,000. This translates to a price per square foot of $127.70. The tenant, Advance Auto Parts, recently renewed their lease early, demonstrating a long-term commitment to the location

• CAP approach

  CAP return

  Valuation

  6%

  $920,169

  6.5%

  $849,387

  7%

  $788,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $539,913

  Geo Method

  $539,913

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,701,670

  Mixed-Use / Specialty

  $828,062

  Hospitality / Lodging

  $583,702

  Office

  $804,086

  Institutional / Educational

  $854,312

  Residential Income

  $999,545

  Multifamily

  $1,300,230

  Automotive / Energy

  $732,267

  Parking / Income-Based Land

  $270,773

  Restaurant / Food Service

  $391,634

  Healthcare / Senior Housing

  $867,925

Location Insight

City

Kenton

County

Hardin

State

Ohio

Latitude

40.6511

Longitude

-83.5926

Property Tax & Assessments

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