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    556 Main St Wellsville, OH 43968

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    For Sale
    $1,040,000

    Long-term NNN lease with annual rental increases and renewal options.

    Property size:
    2,266 SF
    Lot size:
    0.14 Acres

    Property Features for 556 Main St

    General Information

    Size
    2,266 SF
    Lot size
    0.14 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wellsville, OH NNN Retail Property

    This property features a long-term, 20-year absolute triple net (NNN) lease that commenced on February 22, 2022. The lease includes 1.75% rental increases annually starting year seven. There are six, five-year tenant renewal options, bringing the potential lease term to 50 years. The lease is franchisee guaranteed from SFR XI Holdings, LLC, which has approximately 120+ units. The property is located in Wellsville, OH.
    Insight Report Location Intelligence

    Current Use by Public Records

    Pizza Hut Pizza Delivery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wellsville
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.6445959
    Latitude
    40.6068834

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    FAQs

    What type of property is this?
    Storefront property - Long-term NNN lease with annual rental increases and renewal options.
    Where is this storefront property located?
    The property is located at 556 Main St Wellsville, OH.
    What is the asking price?
    The asking price for this property is $1,040,000.
    What are key features of this property?
    This property features: - Long-Term, 20-Year Absolute Triple Net (NNN) Lease commenced in 2022.; - Six (6), Five (5)-Year Tenant Renewal Options, potentially extending the lease to 50 years.; - Franchisee Guarantee from SFR XI Holdings, LLC (120+ Units).
    (332) 345-2408
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    556 Main St Wellsville, OH 43968
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    Wellsville, OH 43968
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    556 Main St Wellsville, OH 43968
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