Meineke Car Care Investment
For Sale
Contact for pricing
2260 E Livingston Ave, Columbus, OH 43209
NNN leased Meineke Car Care with scheduled rent increases.
Property Size4,097 SF
Lot Size0.50 Acres
Price / SF$287.97
Days on Market175
Property Features for 2260 E Livingston Ave
General Information
Standard status
Active
Size
4,097 SF
Lot size
0.50 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$82,586
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Anthony DAmbrosia · License #NY 10401294012
Source:
Crexi
Added: Feb 19
Changed: Aug 7
Last Checked: Aug 12 at 10:39AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This property features a Meineke Car Care situated at 2260 East Livingston Avenue in Columbus, OH 43209. The building encompasses approximately 4,097 rentable square feet and is positioned on an estimated 0.50-acre parcel of land. The Meineke Car Care is subject to a 20-year Triple Net (NNN) lease, which commenced on 11/10/2025. The current annual rent is $82,586, with scheduled increases of 10.00% every 5 years.
Key Highlights
- Brand new 20‑year Triple Net (NNN) lease commencing 11/10/2025, offering a long‑term, low‑management investment.
- Established Meineke Car Care tenant, providing a recognized and reliable business operation.
- Current annual rent of $82,586, providing immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$944,680
$944.7K
Cap Rate 7%
$674,771
$674.8K
Cap Rate 9%
$524,822
$524.8K
Market Conditions
NOI Build-Up for 4,097 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.7K $18.00/SF
− Vacancy
−$6.3K −$1.53/SF
EGI
$67.5K $16.47/SF
− OpEx
−$20.2K −$4.94/SF
NOI
$47.2K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$944,680
Cap Rate 7%
$674,771
Cap Rate 9%
$524,822
Alternative Uses
Best Use
Retail
$674.8K
$590.4K – $787.2K
NOI $47,234 @ 7.0% cap · market cap 4.00%
Second Best
Industrial
$231.4K
$202.5K – $270.0K
NOI $16,200 @ 7.0% cap · market cap 1.37%
Theoretical Best
Office A
$853.8K
$747.1K – $996.1K
NOI $59,768 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43209, OH
27,727
Population
12,689
Households
2.2
Avg Household Size
37
Median Age
57%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
4,545
Density / Sq Mi
$88,155
Median Household Income
$48,128
Median Earnings
$1,105
Median Rent
$373,500
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Avenue Auto Repair — 2172 E Livingston Ave, Columbus, OH 43209
- CARSTAR Collision Center Columbus East — 1515 Alum Creek Dr, Columbus, OH 43209
- 45 Degree Cycles — 1748 E Livingston Ave, Columbus, OH 43205
- NAPA Collision Center — 1565 Alum Creek Dr, Columbus, OH 43209
- Complete Auto Body & Glass — 1529 Alum Industrial Dr, Columbus, OH 43209
Frequently Asked Questions
What type of property is this?
Auto shop - NNN leased Meineke Car Care with scheduled rent increases.
Where is this auto shop located?
The property is located at 2260 E Livingston Ave Columbus, OH.
What is the asking price?
The asking price for this property is $1,179,800.
What are key features of this property?
This property features: Brand new 20‑year Triple Net (NNN) lease commencing 11/10/2025, offering a long‑term, low‑management investment.; Established Meineke Car Care tenant, providing a recognized and reliable business operation.; Current annual rent of $82,586, providing immediate income.
