2473 North Memorial Drive, Lancaster, OH 43130
Freestanding Take 5 Oil Change property with a new 20-year NNN lease commencing at close of escrow.
Property Features for 2473 North Memorial Drive
General Information
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Investment Insights
Based on property information with market context.
The address is 2473 North Memorial Drive in Lancaster, OH 43130. Per the lease structure described in the remarks, the property is governed by a 20-year Triple Net (NNN) agreement, with the tenant’s lease starting upon close of escrow.
From an investor perspective, this is positioned as a single-tenant, leased automotive service asset under a 20-year NNN lease. The annual rent is stated as $100,000, with scheduled 1.50% annual increases. Interested parties should review the lease terms and commencement details during diligence, along with any NNN responsibilities outlined in the offering materials.
Key Highlights
- Freestanding Take 5 Oil Change property at 2473 North Memorial Drive, Lancaster, OH 43130
- Subject to a new 20‑year Triple Net (NNN) lease commencing upon close of escrow
- Estimated 1,683 rentable SF on an estimated 0.45‑acre parcel
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 43130, OH
Market
Vacancy Rate% for Retail in Midwest region
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