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    601 Hill Rd Pickerington, OH 43147

    For Sale
    $790,000

    NNN Lease, Fortune 500 Tenant, High ROI

    Property size:
    2,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a 2,042 square foot special purpose property located at 601 Hill Road N, Pickerington, Ohio 43147. Built in 1960 and renovated in 2010, this property sits on a substantial 30,492 square foot lot. Currently leased to Enterprise Rent-A-Car, a Fortune 500 company, this offering provides a stable and predictable income stream via a triple net (NNN) lease. The asking price is $790,000, translating to a price per square foot of $386.88. The entire 2,042 square feet is net rentable. This property is ideally suited for 1031 exchange investors seeking a secure, long-term investment with a blue-chip tenant. Detailed lease and financial information will be provided upon execution of a Non-Disclosure Agreement by qualified buyers. Please do not disturb the tenants on-site. This is a prime opportunity to acquire a well-established, successful business in a desirable location. The property's strong tenant history and favorable lease terms make it an attractive addition to any investment portfolio. Serious inquiries only.

    Property Features for 601 Hill Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    2,042 SF

    Building Details

    Year Built/Renovated
    1960/2010

    HighLights

    • $790,000 asking price.
    • 2,042 square foot Special Purpose building.
    • $386.88 per square foot.
    • Built in 1960, renovated in 2010.
    • 30,492 square foot lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enterprise Rent-A-Car Car Rental Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pickerington
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7651378
    Latitude
    39.8973092

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    FAQs

    What type of property is this?
    Specialty property - NNN Lease, Fortune 500 Tenant, High ROI
    Where is this specialty property located?
    The property is located at 601 Hill Rd Pickerington, OH.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: $790,000 asking price.; 2,042 square foot Special Purpose building.; $386.88 per square foot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Hill Rd Pickerington, OH 43147
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