14911 State Rte 58 Oberlin, OH 44074-9474
This exceptional investment opportunity presents a 7,000-square-foot Advance Auto Parts store located at 14911 State Route 58 in Oberlin, Ohio. The property boasts a strong, corporate-guaranteed lease with a remaining term of 3.2 years, providing a secure investment with a current Net Operating Income (NOI) of $132,784. The lease, originally commencing June 30, 2006, and expiring January 31, 2028, includes two five-year renewal options with a 5% rent increase at each option. The asking price is $1,713,342, representing a compelling investment opportunity. Situated on a 1.77-acre lot, the property benefits from high visibility and proximity to major national retailers including Walmart, Aldi, Verizon, Pizza Hut, Wendy's, McDonald's, Subway, and Murphy USA. Advance Auto Parts, a publicly traded company (NYSE: AAP), is a leader in the automotive aftermarket parts industry with over 4,700 stores and an investment-grade credit rating. The property's location and tenant strength make it a resilient and recession-resistant investment in an essential business sector. The 100% occupancy rate further solidifies this property's value and potential for long-term returns. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a secure, long-term lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.