600 Trenton AveFindlay, OH 45840

Property Details for 600 Trenton Ave

Year built

2015

Construction

MIXED

Lot size

1.04 AC

Property size (Sq ft)

3,834 SF

Property type

Retail properties

Property subtype

Other car washes

APN

610001008451

APU

610001008451

Description

This exceptional investment opportunity presents a 3,677 square foot, single-tenant car wash located at 600 W Trenton Ave, Findlay, OH 45840. The property boasts a strong 6.90% cap rate and a substantial net operating income (NOI) of $300,000. Situated on a 0.86-acre corner lot, this car wash benefits from high visibility and easy access along US 224. The absolute NNN lease agreement, with zero landlord responsibilities, provides significant investor security and features a remaining term of 15.2 years, extending to January 31, 2040. Annual rent escalations of 1.25% further enhance the investment's long-term value. Built in 2015, the property is currently operating at 100% occupancy. The lease includes four 5-year renewal options. Findlay, Ohio, offers a robust local economy anchored by major employers such as Marathon Petroleum, Cooper Tire & Rubber Company, and numerous distribution centers. This thriving community, with a population of approximately 40,000, also benefits from the presence of the University of Findlay. The asking price for this exceptional investment is $4,347,826, translating to a price per square foot of $1,182.44. This represents a compelling opportunity for investors seeking a stable, high-performing asset in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $780,519

  6.5%

  $720,479

  7%

  $669,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $903,754

  Geo Method

  $903,754

• Alternative Use

  Use

  Valuation

  Residential

  $607,751

  Hospitality

  $556,697

  Educational

  $463,165

  Medical

  $479,094

  Retail

  $720,479

Location Insight

City

Findlay

County

Hancock

State

Ohio

Latitude

41.0592

Longitude

-83.66

CBSA code

22300

CBSA name

FINDLAY, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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