Take 5 Oil Change 100 Christopher Xing
1,418 SF 4-Star Retail Building Van Wert, OH 45891 $1,166,667 ($823/SF) 6% Cap Rate
![100 Christopher Xing, Van Wert, OH for sale - Building Photo - Image 1 of 2](https://images1.loopnet.com/i2/2fW7trnGOFENGoqHETwBQ2trCPKPG9OTauip-qUtM54/110/100-Christopher-Xing-Van-Wert-OH-Building-Photo-1-Large.jpg)
![100 Christopher Xing, Van Wert, OH for sale - Building Photo - Image 2 of 2](https://images1.loopnet.com/i2/MIR-oIJ1W1PhpgSfLj8gdiAOwkmsmhCBRp9oVpRx0t8/110/100-Christopher-Xing-Van-Wert-OH-Building-Photo-2-Large.jpg)
INVESTMENT HIGHLIGHTS
- Long-Term 20-Year NNN Sale-Leaseback
- Absolute Triple Net (NNN) Lease
- Strong Corporate Guarantee
- Attractive Annual Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 100 Christopher Crossing, Van Wert, OH 45891. The site consists of roughly 1,418 rentable square feet of building space on an estimated 0.462-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $70,000 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,418 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$1,166,667
Price Per SF
$823
Cap Rate
6%
NOI
$70,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.46 AC
Parking
24 Spaces (16.93 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
![Woodforest National Bank Woodforest National Bank](https://images1.loopnet.com/i2/HIYTbOP0uw2cNEA-J_WnlLlwunNkzEP962E79Q-vmVw/105/image.png)
![Anytime Fitness Anytime Fitness](https://images1.loopnet.com/i2/t3RNkWYXc5vmPmd1J90Q5tui2LR1yrLWIdo-4j_02AE/105/image.jpg)
PROPERTY TAXES
Parcel Number | 12-030476.9400 | Improvements Assessment | $0 |
Land Assessment | $1,440 | Total Assessment | $1,440 |