4236 Buckeye PkwyGrove City, OH 43123

For Sale
$2,474,434

Prime Retail Bank Property, Ohio

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional sale-leaseback opportunity presents a 3,557 square foot single-tenant retail building located at 4236 Buckeye Pkwy, Grove City, Ohio 43123. The property, built in 2010, sits on a 0.91-acre lot and features a convenient two-lane drive-thru. Currently occupied by Telhio Credit Union under a 15-year fully net lease, the property offers a compelling investment with a 5.75% cap rate. The lease boasts a base rent of $40 per square foot, escalating by 10% every five years, ensuring consistent income growth. The building is a single-story structure with a strong tenant in Telhio, a federally insured, state-chartered credit union serving over 67,000 members across nine locations in Columbus and Cincinnati. The property's APN is 040-014752. This is a rare opportunity to acquire a stable, income-producing asset with a long-term lease and significant upside potential. The asking price is $2,474,434. This sale-leaseback transaction provides a secure investment with a proven tenant and a predictable income stream.

Highlights

  • Sale-leaseback opportunity with Telhio Credit Union.
  • Fully net lease at $40/SF, 10% rent increase every 5 years.
  • 15-year lease term.
  • 5.75% capitalization rate.
  • 3,557 SF building on 0.91 acres, built in 2010.
  • Two-lane drive-thru.

Property Details for 4236 Buckeye Pkwy

Property type
Other retail properties, Individual retail properties
Square Feet
3,557 SF
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Grove City
County
Franklin
State
Ohio
Latitude
39.876434329848
Longitude
-83.039460540215
4236 Buckeye Pkwy, Grove City, Ohio

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4236 Buckeye Pkwy
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