255 Mdw Gln Dr Ottawa, OH 45875-8661
Property Lookup
Property profile & analytics
255 Mdw Gln Dr Ottawa, OH 45875-8661
- Retail space
- 1.32 lot acres
Property ID
US66-4969564
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 255 Mdw Gln Dr
- Lot size
- 1.32 lot acres
- Property type
- Retail space
- APN
- 32-224000.0000
- APU
- 322240000000
Description
This exceptional investment opportunity presents a fee-simple interest in a 7,000 square foot Advance Auto Parts store situated on a 1.324-acre lot at 255 Meadowglen Dr, Ottawa, OH 45875. The property boasts a strong 8.52% cap rate, generating a net operating income (NOI) of $72,410 annually. Built in 2006, this single-story building features 36 parking spaces and benefits from a modified NNN lease with 3.5 years remaining until the next option period. The lease, originally commencing November 15, 2006, and expiring December 31, 2026, includes three five-year renewal options with rent increases of 8-10% in each option period. The tenant, Advance Auto Parts, is responsible for all expenses except building structure and general liability insurance, including real estate taxes (100% reimbursement to landlord), roof, parking lot, insurance, interior and exterior maintenance, HVAC, utilities, and landscaping. The property enjoys a prime location in a primary retail corridor, over 20 miles from the nearest comparable retail center, and is strategically positioned near major national retailers such as Walmart, Wendy's, Arby's, Dollar General, and Ottawa Chevrolet. The asking price is $850,000, translating to $151 per square foot. This presents a compelling investment opportunity with significant upside potential.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Ottawa
- County
- Putnam
- State
- Ohio
- Longitude
- -84.04
- Latitude
- 41.0334
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,914
$19,000
$144,900
$163,900
-
$54,290
$414,000
$468,290
