Take 5 NNN
For Sale
Contact for pricing
Pending
2940 E State St, Salem, OH 44460
Car wash and oil change facility supported by a long-term absolute NNN lease structure.
Property Size5,121 SF
Lot Size2.38 Acres
Days on Market143
Property Features for 2940 E State St
General Information
Standard status
Pending
Size
5,121 SF
Lot size
2.38 Acres
Property subtype
Special Purpose
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 9:23PM
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.
The property includes a Take 5 Car Wash and Oil Change facility with roughly 5,121 rentable square feet of building area on an estimated 2.38-acre parcel. The site is located at 2940 East State Street in Salem, Ohio, providing a specialized automotive service configuration on a substantial land area.
The asset is subject to a 20-year absolute triple-net lease beginning at the Close of Escrow. Base-term rent increases by 1.50% annually, with the same annual escalation continuing through each of four 5-year renewal options. The lease structure places the property within the NNN investment category identified for the listing.
The asset is subject to a 20-year absolute triple-net lease beginning at the Close of Escrow. Base-term rent increases by 1.50% annually, with the same annual escalation continuing through each of four 5-year renewal options. The lease structure places the property within the NNN investment category identified for the listing.
Key Highlights
- Take 5 Car Wash and Oil Change facility
- Roughly 5,121 rentable square feet on an estimated 2.38‑acre parcel
- 20‑year absolute triple‑net lease beginning at the Close of Escrow
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Shops & Services 18%
Dining 17%
Home Improvements & Furnishings 17%
Walmart
Superstores
76,118 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
24,751 visits/mo
0.1 miles
Dollar Tree
Shops & Services
15,288 visits/mo
0.2 miles
Aldi
Groceries
14,772 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,765 visits/mo
0.2 miles
Demographics for 44460, OH
25,393
Population
11,595
Households
2.2
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
107.4 sq mi
ZIP Area
236
Density / Sq Mi
$59,882
Median Household Income
$35,912
Median Earnings
$770
Median Rent
$153,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Car wash and oil change facility supported by a long-term absolute NNN lease structure.
Where is this nnn property located?
The property is located at 2940 E State St Salem, OH.
What are key features of this property?
This property features: Take 5 Car Wash and Oil Change facility; Roughly 5,121 rentable square feet on an estimated 2.38‑acre parcel; 20‑year absolute triple‑net lease beginning at the Close of Escrow
