130 E Herrick Avenue
Agent Owned Investment Opportunity, National Tenant
Marketing description
130 East Herrick Avenue is an AGENT OWNED prime, income-generating opportunity in the heart of downtown Wellington, OH. The current lease extends through January 2029, with three additional five-year renewal options, ensuring stable long-term cash flow. Scheduled rent increases occur every five years, while NAPA covers property taxes and insurance. The landlord is responsible only for structural and site maintenance, offering a low-management investment structure. Recent capital improvements include a new roof and electrical panel (2025) and an ADA-compliant restroom (2024). Located in a highly visible downtown corridor, this asset combines strong tenant credit with an attractive 7.5% CAP rate, making it an excellent addition to any diversified investment portfolio.
Investment highlights
Available: 3,234 SF
Term: 3 Year NN+ lease remaining through January 2029 with three 5 year options. Guarantee by Genuine Parts Company, dba NAPA Auto Parts
Recent improvements include a new roof and electrical panel (2025) and an ADA-compliant restroom (2024)
Parking: 4 spaces
Zoning: CB-1
Traffic Count: ±6,109
2024 Annual Real Estate Taxes: $1,928.40
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