134 Woodland Ave Youngstown, OH 44502-1956

Property Details for 134 Woodland Ave

Lot size

0.14 lot acres

Property type

Warehouses

Property subtype

Self storage facilities

APN

53-046-0-143.00-0

APU

530460143000

Description

This exceptional investment opportunity presents a 18,089-square-foot industrial property in Youngstown, Ohio, currently leased to FleetPride under a Net Lease agreement. The property, located at 134 E Woodland Ave, boasts a highly favorable lease structure with a remaining term of 10.5 years, extending to May 31, 2035. FleetPride, a national leader in heavy-duty truck and trailer parts distribution, with over 270 branches and 35 service centers, has occupied this location for over 40 years, recently renewing their lease for an additional 10 years starting June 2025. This demonstrates their long-term commitment to this strategically important location. The building, constructed in 1939 and renovated in 2019, features an efficient layout maximizing functionality and space utilization. Its prime location, just one minute from I-680, ensures easy access to major transportation routes, optimizing logistics and distribution. The property generates a strong net operating income (NOI) of $60,381, resulting in an attractive 8.25% cap rate. The lease includes a 3% annual rent increase and a single 5-year renewal option. This offering presents a rare opportunity to acquire a stable, high-performing asset with a long-term, creditworthy tenant in a prime location. The property's exceptional tenancy history and strategic location make it an ideal investment for long-term growth and passive income.