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Property profile & analytics
OFF-MARKET Estimated value $865,000
Retail space

14911 State Rte 58 Oberlin, OH 44074-9474

6,944 SF 1.51 ac lot Built 2007
Entity Owned 12-yr Hold Free & Clear
Property ID
US66-5531212
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Total area 6,944 SF
Lot 1.51 ac (65,776 SF)
APN 14-00-016-000-018
UPID US66-5531212
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$862k
Blend (final) Blend
$865k
Owner & transaction history
Realty Income Properties 25 · 12 yrs held
Realty Income Properties 25
since 2013
3 recorded transactions
2013
$1.6M
2008
$1.4M
2007
$325,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.1M +109.1%
Apartment house (5+ units) $970,000 +85.8%
Office building $670,000 +28.7%
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