Description
**Please be discreet and do not disturb the ongoing business or employees** This is a fantastic opportunity for an I.R.S Section 1031 Like-Kind Exchange replacement property. The property is currently leased through the end of 2025 with two 2-year options, to Gentle Foot Care, LLC. The current base rent is $2,750 per month plus $733.59 per month in Taxes and Insurance. Net operating income is $33,000 offering a 9.4 cap rate. Beginning year 3 the lease contains 2% annual increases. Lease originated 01/01/2021 through 12/31/2025. Can be sold as a package with the 3255 E. Livingston location ($825,000). Strong tenant with over 13 locations in the State of Ohio. The parking lot will be resurfaced before the sale of this location.
-
0BEDS
-
0.18ACRES
-
0BATHS
-
01/2 BATHS
-
2,123SQFT
-
$165$/SQFT
School Ratings & Info
Description
**Please be discreet and do not disturb the ongoing business or employees** This is a fantastic opportunity for an I.R.S Section 1031 Like-Kind Exchange replacement property. The property is currently leased through the end of 2025 with two 2-year options, to Gentle Foot Care, LLC. The current base rent is $2,750 per month plus $733.59 per month in Taxes and Insurance. Net operating income is $33,000 offering a 9.4 cap rate. Beginning year 3 the lease contains 2% annual increases. Lease originated 01/01/2021 through 12/31/2025. Can be sold as a package with the 3255 E. Livingston location ($825,000). Strong tenant with over 13 locations in the State of Ohio. The parking lot will be resurfaced before the sale of this location.
© 2023 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Real Estate. Data last updated: 2023-03-22T07:52:16.173.