Listed by Bang Realty, Tire Business Group
$1,350,000
6-Bay Auto shop (Ohio State University)
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 3,956
NOI $42,500
Tenancy Single
Brand/Tenant Monro, Tire Choice
Lease Type Absolute NNN
Lease Expiration 06/30/2030
Lease Options None
Price per SqFt $341
Acreage 0.370
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Short-Term Lease // Currently tenanted by Tire Choice (Monro)
Marketing description
6-Bay Auto Shop Across from Ohio State at 3085 Olentangy River Rd, Columbus, OH 43202 offers a rare chance to secure a high-visibility automotive property in one of Columbus’s most dynamic corridors. Positioned on a signalized corner with 16,000+ vehicles per day and just 0.5 miles from Ohio State University, this 3,956 SF service facility sits directly adjacent to a campus of 60,000+ students and within a dense population base of 20,000+ residents in just 2.5 square miles.
This turnkey 6-bay automotive facility is ideal for an owner-user seeking a strategic entry into the market. The property is currently leased to Monro, Inc. through June 30, 2030, providing $42,500 in annual absolute NNN income with no landlord responsibilities and no renewal options remaining. That creates a clear, near-term path to future owner-operator control.
Offered at $1,350,000, this is more than a passive investment—it’s a compelling opportunity to acquire well-located real estate today, collect interim income, and step into an established automotive location in under four years.
Investment highlights
Offered at $1,350,000, this acquisition secures a signalized corner lot half a mile
from Ohio State University with a defined, near-term path to owner-operator
control. Monro's lease runs through June 30, 2030 - under 4 years from today -
with no renewal options remaining. In the meantime, in-place absolute NNN rent of
$42,500 per year offsets the cost of ownership with zero landlord responsibilities.
This is a real estate and operating acquisition first, priced for a buyer planning to run
the location, not a passive cap-rate hold.
Listing Contacts
Listed by Bang Realty, Tire Business Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,500.00
$3,541.67/mo
Valuation Metrics
0
DSCR
3.15%
Cap Rate
3.15%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Is there information that looks off?


