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700 E Polaris Parkway

Lewis Center, OH 43035
  • $1,665,000
  • STATUS: Active
  • ON SITE: 182 Days
  • MLS #: 223028728
UPDATED: 51 min ago
$1,665,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,560
    SQFT
  • $1,067
    $/SQFT
Type:
Commercial
County:
Area:

School Ratings & Info

Description

MAIL BOX MONEY... Jiffy Lube, True NNN TENANT LEASE term expires 9.30 2029. Three additional 5 year terms extensions. Tenant pay ALL expenses, without limitations. PERFECT investment with 6.67% initial cap first year. Moving to a 7.17% cap with next rent increase starting 10.1.2024. Location off of Polaris Parkway Blvd. High Traffic Count. NDA, PSA Required.

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© 2024 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 Julie & Company | Howard Hanna Real Estate Services. Data last updated: 2024-03-03T13:51:54.54.
www.searchcolumbushomesonline.com/homes/143045362
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700 E Polaris Parkway Lewis Center, OH 43035

  • Price: $1,665,000
  • Status: Active
  • On Site: 182 Days
  • Updated: 51 min ago
  • MLS #: 223028728
0
Beds
0
Baths
0
½ Baths
0.65
Acres
1,560
SQFT
$1,067
$/SQFT
County:
Delaware
Area:
Lewis Center
Property Description
MAIL BOX MONEY... Jiffy Lube, True NNN TENANT LEASE term expires 9.30 2029. Three additional 5 year terms extensions. Tenant pay ALL expenses, without limitations. PERFECT investment with 6.67% initial cap first year. Moving to a 7.17% cap with next rent increase starting 10.1.2024. Location off of Polaris Parkway Blvd. High Traffic Count. NDA, PSA Required.
Exterior Features

Construction Block Docks 0.00 Drive In Doors 2.00 Drive In Doors Size 3

Interior Features

Bldg Sq Ft 1560.00 Floors Above Ground 1.00 Heat Type Forced Air Max Cont Sqft Avail 1560.00 Minimum Sq Ft Available 1560.00 Sprinkler None

Property Features

Auction No Between Street1 Old State Route 3 Between Street2 E. Powell Road Commercial Sub Type Automotive Corp Limit Per Auditor Delaware Dist To Interchange 1.00 Expenses Real Estate Taxes 42822.58 For Exchange Yes For Lease No For Sale Yes Mult Parcels Sch Dis No Near Interchange I-71 Occupancy Rate 100 Possession ESCROW Previous Use Automotive Services Available ElectricGasWater Sewer Public Sewer Tax District 318 Tax Incentive No Tax Year 2022 Taxes Yearly 42823.00 Tenant Contracts Directly All Township None Use Code 455 - COMMERCIAL GARAGE Zoning LC4

Listing provided courtesy of Mark Sullivan of Keller Williams Greater Cols: (614) 944-5900.


© 2024 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 Julie & Company | Howard Hanna Real Estate Services. Data last updated: 2024-03-03T13:51:54.54.
 
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Julie & Company | Howard Hanna Real Estate Services
5207 Hampsted Village Center Way
New Albany OH, 43054