Building Details

Year Built 1972

Buildings 3

Listing Agency: Lepi & Associates

Listed By: Gail L Garland · License #417546 Show Phone

Source: Theacclaimedrealty

Added: Apr 24 Changed: Oct 7 Last Checked: Oct 7 at 1:02PM

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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 Lepi & Associates

Investment Insights

Based on property information with market context.

Located at 726 China Street in Crooksville, Ohio, this operating grocery store occupies 6,620 square feet on 0.910 acres. The primary retail area has broad glass display windows that bring in natural light and provide product exposure. A utility building and shed add separate support space for storage and operations.

The property includes Marathon-branded gas pumps, an on-site lottery machine, and a liquor license. A large neon digital sign stands at the front of the site, while parking for 40+ cars accommodates customers, delivery trucks, and community events. Built in 1972, the property combines grocery retail, fuel service, and additional revenue-related amenities in one commercial facility.

Key Highlights

• 6,620‑square‑foot grocery and convenience store on 0.910 acres
• Marathon‑branded gas pumps included with the property
• Liquor license and on‑site lottery machine

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,411

Cap Rate

5.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,648,220 $1.6M

Cap Rate 7%

$1,177,300 $1.2M

Cap Rate 9%

$915,678 $915.7K

Market Conditions

NOI Build-Up for 6,620 SF

Gross rent

$144.6K $21.84/SF

− Vacancy

−$34.7K −$5.24/SF

EGI

$109.9K $16.60/SF

− OpEx

−$27.5K −$4.15/SF

NOI

$82.4K $12.45/SF

Area

Perry County, OH

Vacancy

24.00%

Lease Rate

$21.84 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,648,220

Cap Rate 7%

$1,177,300

Cap Rate 9%

$915,678

Alternative Uses

Best Use

Specialty Retail

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,411 @ 7.0% cap · market cap 5.89%

Second Best

Retail

$1.10M

$961.5K – $1.28M (±1% cap)

NOI $76,917 @ 7.0% cap · market cap 5.49%

Theoretical Best

Warehouse

$1.33M

$1.17M – $1.56M (±1% cap)

NOI $93,399 @ 7.0% cap · market cap 6.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Hair Salon Auto Parts Store Big Box & Wholesale Store

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

137

Businesses Nearby

12k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 83% Groceries 17%

Circle K Shops & Services

8,115 visits/mo 0.5 miles

Ruff's IGA Groceries

1,918 visits/mo 0.1 miles

Marathon Petroleum Shops & Services

1,485 visits/mo 0.0 miles

Demographics for 43731, OH

5,200

Population

2,187

Households

2.4

Avg Household Size

40

Median Age

12%

College-Educated

88%

High-School Grad

52.2 sq mi

ZIP Area

100

Density / Sq Mi

$55,417

Median Household Income

$37,075

Median Earnings

$768

Median Rent

$115,400

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

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Ruff's IGA — 700 China St, Crooksville, OH 43731

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Includes a liquor license, lottery machine, branded fuel pumps, and supporting outbuildings.

Where is this grocery and convenience store located?

The property is located at 726 China St Crooksville, OH.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 6,620‑square‑foot grocery and convenience store on 0.910 acres; Marathon‑branded gas pumps included with the property; Liquor license and on‑site lottery machine