Technical
Financial
Distress signals
Property profile

2385 Silver Dr Columbus, OH 43211

OFF-MARKET
Gas stations
Property ID
US66-2259227
6,672 SF 1.21 ac lot Built 2002
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 6,672 square foot auto shop/storefront in Columbus, Ohio, currently leased to National Tire & Battery (NTB), now owned by Mavis Discount Tire, one of the largest independent automotive service businesses in the US. The property, built in 2002 and situated on a one-acre lot, features seven service bays. The current lease, a triple-net (NNN) agreement with a corporate guarantee from TBC Corporation, boasts a remaining term of approximately 3.3 years, followed by three five-year renewal options. The lease commenced February 28, 2003, and expires February 28, 2028. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $132,213, resulting in a 7.00% cap rate. The asking price is $1,888,757.14, translating to $283.09 per square foot. This prime Columbus location benefits from excellent demographics and proximity to numerous national retailers. The lease includes rent bumps, demonstrating the tenant's commitment to the property's long-term success. This is a rare opportunity to acquire a stable, high-performing investment with a strong tenant and significant upside potential.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 2002
Construction WOOD
Total area 6,672 SF
Lot 1.21 ac (52,708 SF)
APN 010-263998
UPID US66-2259227

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Parking Lot & Garage
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

2385 Silver Dr Columbus, OH 43211-1050
Columbus metro Census 720 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.99M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$2.08M

Owner & transaction history

since 2013
Last sale
$2.2M
2 recorded transactions
2013
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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