Grocery Store and Gas
200 E Perkins Ave Sandusky, OH 44870
200 E Perkins Ave, Sandusky, OH, 44870
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For Sale
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38,000 sq ft grocery store and gas station for sale.
Property Size38,000 SF
Price / SF$46.05
Days on Market852
Property Features for 200 E Perkins Ave
General Information
- Standard status
- Active
- Size
- 38,000 SF
- Property subtype
- Retail
Listing Agency
NextHome Experience
Listed by
Vasilios Bill Michailidis · License #2020001062
Source
Crexi
Added: Mar 21, 2024 Updated: Jul 10 at 11:17 am Checked: Jul 20 at 7:18 am
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 NextHome Experience
Investment Insights
Based on property information with market context.
This is a 38,000 sq ft property featuring a grocery store and branded gas station. The property offers significant upside potential through a realignment of profit centers. The gas station can be repositioned as a core profit center. The grocery store can be optimized for operational efficiency through strategic rightsizing. Approximately 18,000 sq ft is available to lease at market rates, creating a stable revenue stream. The property includes a supermarket offering groceries, meat, seafood, produce, bakery, dairy, frozen, and deli items, as well as a floral center, cafe, and gas station. Other income is generated from lottery commission, pull tabs, gas profit from 3 dispensers selling 28,000 gallons per month, ATM, patronage income, and money orders. There is room to expand offerings, plus plenty of parking. Additional income centers can be added, such as delivery and curbside pick up. The property is located in Sandusky, OH.
Key Highlights
- 38,000 sq ft property including a grocery store and branded gas station.
- Significant upside potential through realignment of profit centers.
- Approximately 18,000 sq ft available for lease at market rates.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $243.6k | $6.41 |
| − Vacancy | −$20.5k | −$0.54 |
| EGI | $223.1k | $5.87 |
| − OpEx | −$66.9k | −$1.76 |
| NOI | $156.1k | $4.11 |
38,000 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.83M
$8.60M – $11.47M
NOI $688,036 @ 7.0% cap · market cap 39.32%
Second Best
Specialty Retail
$7.85M
$6.87M – $9.16M
NOI $549,437 @ 7.0% cap · market cap 31.40%
Theoretical Best
Multifamily LT 5
$418.19M
$365.91M – $487.88M
NOI $29,273,021 @ 7.0% cap · market cap 1,672.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - 38,000 sq ft grocery store and gas station for sale.
Where is this grocery and convenience store located?
The property is located at 200 E Perkins Ave Sandusky, OH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 38,000 sq ft property including a grocery store and branded gas station.; Significant upside potential through realignment of profit centers.; Approximately 18,000 sq ft available for lease at market rates.
