3570 Belmont Ave Youngstown, OH 44505-1438

Property Details for 3570 Belmont Ave

Year built

1978

Lot size

0.39 lot acres

Property size

1,384 SF

Property type

Office buildings

APN

12-703860

APU

12703860

Description

This exceptional investment opportunity presents a 1,573 square foot Take 5 Oil Change located at 3570 Belmont Ave, Youngstown, OH, in Trumbull County. The property sits on a 0.36-acre lot and boasts a strong 6.25% cap rate, generating a net operating income (NOI) of $90,000 annually. Built in 2024, this single-tenant retail property is operating at 100% occupancy under a 20-year absolute triple-net (NNN) lease. The lease includes a corporate guarantee from Driven Funding Holdco, LLC, providing significant financial security. Rent is $90,000 per year, with a 1.5% annual increase starting in year two and four (4), five (5)-year tenant renewal options. The asking price is $1,440,000, translating to a price per square foot of $915.45. This is a compelling investment opportunity due to the long-term lease, strong tenant, and attractive financial metrics. The property's location in Youngstown, Ohio, offers excellent visibility and accessibility. This NNN lease structure shifts most operating expenses to the tenant, minimizing landlord responsibilities and maximizing passive income potential. The combination of a secure lease, proven tenant, and favorable financial terms makes this a highly desirable investment.