940 Columbus St Kenton, OH 43326-1683
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
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Advance Auto Parts Auto Parts Store
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UPS Access Point location Courier Service Postal Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.