2200 June Pky
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2200 June Pky
54,308 SF Retail Building Zanesville, OH 43701 $6,790,000 ($125/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Just Reduced to 8% CAP!! Single-Tenant Grocery: Riesbeck’s: Full Corp. Guaranty w/ Associated Wholesale Grocers (AWG), Largest Co-Op in USA
- Associated Wholesale Grocers (AWG): Over $12.3 Billion in Annual Sales with Over 3,400 Locations
- One of Top Sales Locations in Entire Chain According to Placer.ai Report | Excellent Frontage & High Traffic (35k VPD) at Signalized Corner Location
- Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
- 9 Years of Term Remaining with Strong Commitment and Success Having 33 Years of Committed Tenancy
- Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth
EXECUTIVE SUMMARY
• Rare Opportunity: 8% CAP Net Leased Grocery with 9 Years of Term Remaining | Strong Commitment and Success Having 33 Years of Committed Tenancy
• Single-Tenant Grocery Investment Opportunity: Riesbeck’s Food Market with Full Corporate Guarantee by Associated Wholesale Grocers (AWG), the Largest Cooperative
Food Wholesaler to Supermarkets and Grocery Stores in the United States
• AWG: Over $12.3 Billion in Annual Sales with Over 3,400 Locations
• Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
• One of Top Locations for Sales in Entire Chain According to Placer.ai Report
• Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth
• Highly Visible with Excellent Frontage and High Traffic (Approx. 35,000 VPD) at Signalized Corner Location Directly In Front of the Store at Main Intersection
• Riesbeck’s Food Market’s Chain Operating for Over 98 Years with 16 Regional Locations
• Growing City with Grocery Necessity: Ideal Demographics with Average Household Incomes of Approximately $73,000 Within a 5-Mile Radius
• Advantageous Location 52 Miles East of Columbus (Currently the 14th Most Populous City in the United States): Part of the Columbus-CSA with Over 2.51M People and One of the Fastest Growing MSAs in the Country
• Surrounded by Rooftops, Other Complimentary Users and Retailers (BMV, Zane Plaza Shopping Center, Sheetz, Huntington Bank & More) Restaurants and Schools
• Largest Regional Employer Located in Zanesville: Genesis Hospital, Part of the Genesis Healthcare System (4,000+ System-Wide Employees) with 260-Beds, 2,800 On-Site Employees Supports Zanesville and the Surrounding Communities
• Direct Vicinity of Major Employers: Halliburton (560 Employees), Bimbo Bakery (450 Employees), Owens-Illinois, Inc. (400+ Employees), Dollar General Distribution Center
(Approx. 950 Employees), AutoZone Distribution Center (650 Employees), Muskingum County Government (Zanesville County Seat = 940 Employees), Spectrum Call
Center (560+ Employees), Shelly & Sands (500 Employees), Along with Strong Presence from Nestle Purina, Fanatics Inc., Ridge Corporation, Cleveland Cliffs Inc., Avon,
Inc., and Kellogg’s
• Zanesville Named “Second Most Charming Small Town in USA” and #4 in North America
• Single-Tenant Grocery Investment Opportunity: Riesbeck’s Food Market with Full Corporate Guarantee by Associated Wholesale Grocers (AWG), the Largest Cooperative
Food Wholesaler to Supermarkets and Grocery Stores in the United States
• AWG: Over $12.3 Billion in Annual Sales with Over 3,400 Locations
• Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
• One of Top Locations for Sales in Entire Chain According to Placer.ai Report
• Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth
• Highly Visible with Excellent Frontage and High Traffic (Approx. 35,000 VPD) at Signalized Corner Location Directly In Front of the Store at Main Intersection
• Riesbeck’s Food Market’s Chain Operating for Over 98 Years with 16 Regional Locations
• Growing City with Grocery Necessity: Ideal Demographics with Average Household Incomes of Approximately $73,000 Within a 5-Mile Radius
• Advantageous Location 52 Miles East of Columbus (Currently the 14th Most Populous City in the United States): Part of the Columbus-CSA with Over 2.51M People and One of the Fastest Growing MSAs in the Country
• Surrounded by Rooftops, Other Complimentary Users and Retailers (BMV, Zane Plaza Shopping Center, Sheetz, Huntington Bank & More) Restaurants and Schools
• Largest Regional Employer Located in Zanesville: Genesis Hospital, Part of the Genesis Healthcare System (4,000+ System-Wide Employees) with 260-Beds, 2,800 On-Site Employees Supports Zanesville and the Surrounding Communities
• Direct Vicinity of Major Employers: Halliburton (560 Employees), Bimbo Bakery (450 Employees), Owens-Illinois, Inc. (400+ Employees), Dollar General Distribution Center
(Approx. 950 Employees), AutoZone Distribution Center (650 Employees), Muskingum County Government (Zanesville County Seat = 940 Employees), Spectrum Call
Center (560+ Employees), Shelly & Sands (500 Employees), Along with Strong Presence from Nestle Purina, Fanatics Inc., Ridge Corporation, Cleveland Cliffs Inc., Avon,
Inc., and Kellogg’s
• Zanesville Named “Second Most Charming Small Town in USA” and #4 in North America
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
54,308 SF
Building Class
C
Year Built
2001
Price
$6,790,000
Price Per SF
$125
Cap Rate
8%
NOI
$543,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
7.47 AC
Parking
326 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
709 FT on June Parkway
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Riesbeck's Food Markets
- -
- 54,308 SF
- -
- Triple Net
- Oct 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Riesbeck's Food Markets | - | 54,308 SF | - | Triple Net | Oct 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 62-56-02-03-002 | Improvements Assessment | $1,048,180 |
| Land Assessment | $341,565 | Total Assessment | $1,389,745 |
PROPERTY TAXES
Parcel Number
62-56-02-03-002
Land Assessment
$341,565
Improvements Assessment
$1,048,180
Total Assessment
$1,389,745
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