1004 Commerce Parkway, Ashland, OH 44805

Building Details

Tenancy Single More

Listing Agency: State Street Capital Realty / Casto

Listed By: Andy Bell · License OH SAL.2023000201 Show Phone

Source: Crexi

Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 5:59PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of State Street Capital Realty / Casto

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The Valvoline property at 1004 Commerce Parkway in Ashland, Ohio, is subject to a 15-year NNN ground lease. The lease includes a corporate guaranty and 10% rent increases.

Key Highlights

• 15‑year NNN ground lease
• Corporate guaranty
• 10% rent increases

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Dental Office Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Locksmith Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

283

Businesses Nearby

255k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Superstores 35% Groceries 7% Electronics 4%

Walmart Superstores

89,788 visits/mo 0.4 miles

McDonald's Dining

38,825 visits/mo 0.2 miles

Wendy's Dining

18,561 visits/mo 0.2 miles

Aldi Groceries

18,373 visits/mo 0.1 miles

Buffalo Wild Wings Dining

16,276 visits/mo 0.4 miles

Demographics for 44805, OH

31,238

Population

13,248

Households

2.4

Avg Household Size

41

Median Age

25%

College-Educated

92%

High-School Grad

151.1 sq mi

ZIP Area

207

Density / Sq Mi

$62,058

Median Household Income

$35,122

Median Earnings

$835

Median Rent

$165,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Grocery Market with Patio

4 W Main Street, Ashland, OH 44805

$1,500,000

View details

Self-Storage Facility with Office

807 Virginia Avenue, Ashland, OH 44805

$3,000,000

View details

Restaurant with Outdoor Seating

601 Claremont Avenue, Ashland, OH 44805

$670,000

1,260 SF

View details

Second-Generation Restaurant Property

1616 Claremont Ave, Ashland, OH 44805

$550,000

2.10 Acres

View details

Operating Pizza Restaurant

547 E Main Street, Ashland, OH 44805

$450,000

View details

Remodeled Restaurant with Commercial Kitchen

1315 Cleveland Ave, Ashland, OH 44805

$395,000

1,478 SF

View details

Storefront Property with Generator

37 Maine Street, Ashland, OH 44805

$349,900

View details

3-Unit Residential Triplex

724/728 W Main Street, Ashland, OH 44805

$349,500

0.34 Acres

View details

Duplex with Attached Garages

4890 State Route 545, Ashland, OH 44805

$226,000

View details

Highway-Service Gas Station Property

411 East Main Street, Ashland, OH 44085

$225,000

View details

Duplex with Detached Garage

530 Cleveland Avenue, Ashland, OH 44805

$169,000

View details

Occupied 3-Unit Residential Triplex

416-418 Carroll Street, Ashland, OH 44805

$130,000

View details

Frequently Asked Questions

What type of property is this?

NNN property - A 15-year ground lease carries a corporate guaranty and 10% rent increases.

Where is this nnn property located?

The property is located at 1004 Commerce Parkway Ashland, OH.

What is the asking price?

The asking price for this property is $1,546,000.

What are key features of this property?

This property features: 15‑year NNN ground lease; Corporate guaranty; 10% rent increases