4596 Old Troy Pike | Riverside, OH 45404
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4596 Old Troy Pike
Riverside, OH 45404
Quality Lube and Filter · Specialty Property For Sale · 1,588 SF
EXECUTIVE SUMMARY
This automotive after care lube shop is on a full triple net lease. The newly signed five year lease has 3% increases per year with two five year options also with rent increases. The shop has two drive in doors and work bays. The work bays have service pits. The shop is located on the corner of a signalized intersection at Old Troy Pike (SR 202) and Needmore Road approximately 2 miles from I-75 in Riverside. Ohio. Base rent on the NNN lease will increase to $33,990 August 1, 2024. Tenant is soley responsible for ALL RE taxes, insurance, and CAM, plus utilities. Great opportunity to earn passive income on a pandemic proof business!
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 8.24% | Building Size | 1,588 SF |
| Property Type | Specialty | No. Stories | 1 |
| Building Class | C | Year Built | 1959 |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 1,588 SF |
| No. Stories | 1 |
| Year Built | 1959 |
PROPERTY TAXES
| Parcel Number | I39-00802-0007 | Improvements Assessment | $14,050 |
| Land Assessment | $25,860 | Total Assessment | $39,910 |
PROPERTY TAXES
Parcel Number
I39-00802-0007
Land Assessment
$25,860
Improvements Assessment
$14,050
Total Assessment
$39,910
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