1295 4th St, Ontario, OH 44906-1827
- Car washes
- 5,616 SF
- 0.23 lot acres
Current Use by Public Records
- Car washes
Property Details for 1295 4th St
- Year built
- 1980
- Lot size
- 0.23 lot acres
- Property type
- Car washes
- APN
- 027-03-072-16-001
- APU
- 270307216001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 10, 2025 | $880,000 | Balwan LLC | C & W Dg Holdings LLC | Warranty Deed | $704k · Stock Yards Bank & Trust Co |
| May 31, 2024 | $200,000 | C & W Dg Holdings LLC | Steven A Hale | Warranty Deed | — |
| Mar 11, 2020 | — | Kimela A Hale | Steven A Hale | Transfer On Death Deed · related | — |
| Jul 15, 2016 | — | Steven A Hale | Hale Creative Homes INC | Quit Claim Deed | — |
Description
This exceptional investment opportunity presents a 2,000 square foot, fully remodeled Castrol Premium Lube Express in Ontario, Ohio. Located at 1295 W 4th St, 44906, this single-tenant, net-lease property boasts a 15-year absolute NNN lease commencing December 15, 2024, and expiring December 31, 2039. The lease includes a robust corporate guarantee and annual rent increases of 1.5%, further securing your return. The property sits on a 0.236-acre lot and features a modern design, perfectly suited for its current use. With a current Net Operating Income (NOI) of $75,000 and an asking price of $880,000, this property offers a compelling 8.52% cap rate. The building underwent a complete renovation in 2024, ensuring its pristine condition. The lease includes two 15-year renewal options, providing long-term stability and predictable income. This prime location in a busy commercial area, near major retailers like Kohl's, CVS, and Kroger, ensures high visibility and consistent customer traffic. The property's strong tenant, a growing owner/operator with expansion plans, adds further confidence to this investment. This is a 100% occupied property, making it an ideal addition to any portfolio. The property is developer-owned and presents a straightforward transaction.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $730,000
- ML approach
- $800,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $560,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Richland
- State
- Ohio
- Longitude
- -82.5618
- Latitude
- 40.7673
- CBSA code
- 31900
- CBSA name
- MANSFIELD, OH METROPOLITAN STATISTICAL AREA
