Listed by Marcus & Millichap - Denver
$1,629,000
New 15 Year Absolute NNN Lease Grease Monkey
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,300
Cap Rate 6.75%
NOI $110,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 4 x 5-Year
Year Built 1963
Year Renovated 2026
Acreage 0.520
Zoning EMD 1
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Sale Condition N/A
Retail | 6.75% CAP | 1,300 SqFt
Investment highlights
- BRAND NEW 15 YEAR ABSOLUTE TRIPLE NET (NNN) lease COMMENCING AT CLOSE OF ESCROW
- LOCATED IN ESTABLISHED RETAIL CORRIDOR | 0.5 MILES FROM KROGER (TOP 5 PERCENTILE NATIONWIDE)
- POSITIONED ALONG E MAIN ST (29K+ VPD) 20 MINUTES FROM DOWNTOWN COLUMBUS
- CONVERTED TO A GREASE MONKEY IN 2026
- COLUMBUS MSA
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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