Technical
Financial
Distress signals
Property profile

940 Columbus St Kenton, OH 43326

OFF-MARKET
Retail space
Property ID
US66-4727797
5,550 SF 0.84 ac lot Built 1997
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This fee-simple retail property in Kenton, Ohio, presents a compelling investment opportunity. The 5,675 square foot storefront is 100% occupied by a credit-rated Advance Auto Parts under a triple-net (NN) lease with a corporate guarantee, extending to December 31, 2034 (10.1 years remaining). The property boasts a strong net operating income (NOI) of $48,912, yielding a 6.75% cap rate on an asking price of $725,000. This translates to a price per square foot of $127.70. The tenant, Advance Auto Parts, recently renewed their lease early, demonstrating a long-term commitment to the location

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Total area 5,550 SF
Lot 0.84 ac (36,590 SF)
APN 36-790016.0000
UPID US66-4727797

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
  • Auto Parts Store
  • Courier Service Postal Service

Location

940 Columbus St Kenton, OH 43326-1683
Kenton metro Census 600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2019
$715,000
2017
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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