3570 Belmont Ave, Youngstown, OH 44505-1438
- Office buildings
- 1,384 SF
- 0.39 lot acres
Current Use by Public Records
- Take 5 Oil Change / Auto Repair Shop
Property Details for 3570 Belmont Ave
- Year built
- 1978
- Lot size
- 0.39 lot acres
- Property type
- Office buildings
- APN
- 12-703860
- APU
- 12703860
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2024 | — | Fcpt Holdings LLC | Take 5 Properties Spv LLC | Deed | — |
| Dec 30, 2024 | $1,304,400 | Fcpt Holdings LLC | Driven Brands INC | Deed | — |
| May 17, 2023 | — | Driven Brands INC | Boing Us Holdco INC | Warranty Deed | — |
| Feb 27, 2023 | $275,000 | Boing Us Holdco INC | Abi Properties LLC | Warranty Deed | — |
| Jan 6, 2017 | — | Abi Properties LLC | North Investment Holdings LLC | Quit Claim Deed · related | — |
| Nov 18, 2011 | $125,000 | North Investment Holdings LLC | University Realty Liberty Ll | Warranty Deed | — |
| Feb 18, 2011 | — | University Realty Liberty Ll | University Realty LLC | Quit Claim Deed · related | — |
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Youngstown
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.6658
- Latitude
- 41.1475
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
