1207 Columbus St Kenton, OH 43326-1760
- Medical offices
- 5,072 SF
- 1.19 lot acres
Current Use by Public Records
- DaVita Kenton At Home / Dialysis Center / Local Medical Services
- DaVita Kenton Dialysis / Dialysis Center / Local Medical Services
Property Details for 1207 Columbus St
- Year built
- 2012
- Lot size
- 1.19 lot acres
- Property size
- 5,072 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 36-530072.0000
- APU
- 365300720000
Description
This fee-simple retail property in Kenton, Ohio, presents a compelling investment opportunity. The 5,000 square foot building is currently 100% occupied by DaVita under a Net Lease (NN+) agreement with a remaining term of approximately 4.6 years, expiring June 29, 2029. The lease includes a recent extension executed in 2024 and an early termination clause exercisable after June 30, 2026, for a $100,000 fee. The property boasts a current NOI of $82,500, resulting in an 8.14% cap rate. Pro-forma NOI is projected at $125,800, also yielding an 8.14% cap rate. Built in 2012, the single-story building sits on a 2.09-acre lot, including 1.19 acres under the building and an additional 0.90 acres of excess land with significant development potential. The property's strategic outparcel location adjacent to a Walmart Supercenter and other national retailers ensures high visibility and strong tenant demographics. Landlord responsibilities include roof repair and structural maintenance
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kenton
- County
- Hardin
- State
- Ohio
- Longitude
- -83.5852
- Latitude
- 40.6547
