1207 Columbus StKenton, OH 43326

Property Details for 1207 Columbus St

Year built

2012

Lot size

1.19 AC

Property size (Sq ft)

5,072 SF

Property type

Medical offices

Property subtype

Medical centers

APN

36-530072.0000

APU

365300720000

Description

This fee-simple retail property in Kenton, Ohio, presents a compelling investment opportunity. The 5,000 square foot building is currently 100% occupied by DaVita under a Net Lease (NN+) agreement with a remaining term of approximately 4.6 years, expiring June 29, 2029. The lease includes a recent extension executed in 2024 and an early termination clause exercisable after June 30, 2026, for a $100,000 fee. The property boasts a current NOI of $82,500, resulting in an 8.14% cap rate. Pro-forma NOI is projected at $125,800, also yielding an 8.14% cap rate. Built in 2012, the single-story building sits on a 2.09-acre lot, including 1.19 acres under the building and an additional 0.90 acres of excess land with significant development potential. The property's strategic outparcel location adjacent to a Walmart Supercenter and other national retailers ensures high visibility and strong tenant demographics. Landlord responsibilities include roof repair and structural maintenance

• CAP approach

  CAP return

  Valuation

  6%

  $702,414

  6.5%

  $648,382

  7%

  $602,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $474,435

  Geo Method

  $474,435

• Alternative Use

  Use

  Valuation

  Residential

  $803,994

  Hospitality

  $736,454

  Educational

  $612,721

  Medical

  $633,794

  Retail

  $953,122

Location Insight

City

Kenton

County

Hardin

State

Ohio

Latitude

40.6547

Longitude

-83.5852

Property Tax & Assessments

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