2846 Stelzer Rd
0.69 Acres of Commercial Land Offered at $1,719,912 CAD in Columbus, OH 43219
INVESTMENT HIGHLIGHTS
- Absolute NNN investment just a mile south of Easton
- 1,641 +/- SF building is situated on an outparcel to the Giant Eagle Market District
- Rent increases every 5 years
- Fee interest of the 0.694 +/- acre outlot that has been long term ground leased to Sonic Drive-In
- Current term expires July 2031 with options to extend to 2051
EXECUTIVE SUMMARY
PROPERTY FACTS
1 LOT AVAILABLE
Lot 2846
| Price | $1,719,912 CAD |
| Price Per AC | $2,492,626.02 CAD |
| Lot Size | 0.69 AC |
0.694 acres of commercially-zoned land located on Stelzer Rd. Land is currently occupied by existing 1,641 square foot commercial property which is leased to Sonic, with a NNN lease expiring in July 2031.
DESCRIPTION
0.694 +/- acre outlot that has been long term ground leased to Sonic Drive-In on Stelzer Rd, south of McCutcheon Rd. 1,641 +/- SF building is situated on an outparcel to the Giant Eagle Market District multi-tenant strip center. Tenant has operated at his location over 15 years. Current term expires July 2031 with options to extend to 2051. Absolute NNN - tenant pays for all interior and exterior repairs, maintenance, and replacement of any part of the premise or building in addition to taxes, insurance and access road maintenance. Rent increases every 5 years. Excellent investment opportunity close to Easton!
ZONING
| Zoning Code | CPD (Commercial Planned Development) |
