Multi-Tenant Retail Center | 3 Tenants | Triple Net Leases | 8.50% Cap

Agent Info

Ryan Vinco

248.702.0299
ryan@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

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Offering Information

729 & 731 Columbus Ave
Lebanon, OH 45036

  • Price: $1,175,000
  • Cap. Rate: 8.50%
  • NOI: $99,907
  • Building Size: 4,768SF
  • Lot Size: 1.115 AC

Investment Highlights

  • 4,768 Square Foot Retail Center 100% Occupied by Hot Head Burritos, Little Caesars Pizza and Warren County Career Center (Veterinary Clinic)
  • Warren County Career Center (Veterinary Clinic use) Just Signed New 3 Year Lease

    http://www.mywccc.org/Default.aspx

  • Little Caesars Drive Thur - Recently Exercised a New 10 Year Lease
  • All are Absolute NNN Leases - Minimal Landlord Responsibilities
  • Located in a Heavily Traveled Retail Corridor with over 13,200 VPD
  • Population Exceeds 36,400 within a 5 Mile Radius
  • Average House Hold Income of $87,413 within a 5 Mile Radius
  • Excellent Signage and Visibility on Columbus Avenue