Take 5 Oil Change 825 Union Rd
1,682 SF Retail Building Englewood, OH 45315 $1,666,667 ($991/SF) 6% Cap Rate
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 825 Union Blvd Englewood, OH 45315. The site consists of roughly 1,682 rentable square feet of building space on an estimated 0.78-acre parcel of land. This Take 5 Oil Change will be subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $1000,000 and have scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,682 SF
Building Class
B
Year Built
2023
Price
$1,666,667
Price Per SF
$991
Cap Rate
6%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.78 AC
Zoning
Comm - Commercial
Parking
10 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
255’ on North Union Road
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M57-00719-0003 | Improvements Assessment | $60,310 |
| Land Assessment | $112,600 | Total Assessment | $172,910 |
