Great investment opportunity with 13.5 years left on lease with fantastic tenant: Dollar General. Lease is NNN with absolutely no landlord responsibility. Rent is $93,000 / year. Everything is new. Average income around is $115,000 / year. Area is developing. CAP rate is 4%. Lease contains four (5 year) options to renew with rent increases. Licking County is growing and this site is close to Intel. Experience the growth as more neighbors come in! Property is highly visible and positioned close to the traffic light. This is great for a passive investor and a perfect 1031 buy for anyone. There are about 9,000 car that pass each day and the lot is always filled with customers going in and out. Get all your groceries and supplies here!
IDX information provided courtesy of the Columbus Board of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 23rd March, 2023 4:48 PM (UTC)
Listing Agent: Andrew A Balalovski
Listing Office: Balalovski Real Estate, LLC