40 Chris Perry Lane, Columbus, OH 43213
$1,300,000
Property Type:
Business Opportunity
Square Footage:
8,100
Lot Size (sq. ft.):
44,431
Status:
Closed
Current Price:
$1,300,000
List Date:
11/05/2015
Last Modified:
1/12/2025
Overview
Description
BRAND NEW 5-YEAR RENEWAL!
This building was originally a build-to-suit for the nationally recognized Goddard School. Located in more than 35 states and hundreds of nationwide markets, Goddard Schools is a national provider of early childhood education.
Each school is owned and operated by a franchisee.
This franchisee has owned and operated this school for over 10 years! With a new 5-year lease beginning in January
2016, this franchisee will also have the potential to extend even longer. The franchisee will only allow 5 year renewal options. This is a true net lease with all expenses paid by the tenant allowing for minimal investor responsibilities. With $102,000 of annual net income, this property is offered at a 7.846% CAP, with a potential 13.23% cash on cash return.
Listing Details MLS# 215039544
Location Property Info
- Original List Price
- 1300000
- Property Sub Type
- Professional Service
- Street #
- 40
- Street Name
- Chris Perry
- Street Suffix
- Lane
- County
- Franklin
- State
- OH
- Zip Code
- 43213
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2015-11-05
General Property Info
- Business Description
- Goddard School
- Seller/Business Name
- Goddard School
- Bldg Sq Ft
- 8100
- Acreage
- 1.02
Tax Info
- Parcel #
- 520-254254
- Zoning
- LM
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2014
- Taxes (Yrly)
- 26251
Status Change Info
- Under Contract Date
- 2015-12-31
- Sold Date
- 2016-03-11
Bus Financial Info
- From
- 2008-01-01
- Through
- 2015-01-01
- Gross Sales
- 102000
- Net Before Taxes
- 102000
- Annual Expenses
- 0
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Remarks & Misc
- Property Description
- BRAND NEW 5-YEAR RENEWAL! This building was originally a build-to-suit for the nationally recognized Goddard School. Located in more than 35 states and hundreds of nationwide markets, Goddard Schools is a national provider of early childhood education. Each school is owned and operated by a franchisee. This franchisee has owned and operated this school for over 10 years! With a new 5-year lease beginning in January 2016, this franchisee will also have the potential to extend even longer. The franchisee will only allow 5 year renewal options. This is a true net lease with all expenses paid by the tenant allowing for minimal investor responsibilities. With $102,000 of annual net income, this property is offered at a 7.846% CAP, with a potential 13.23% cash on cash return.
Income/Expenses
- Gross Income
- 102000
- Net Operating Income
- 102000
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
The Robert Weiler Company
Listing Agent:
Alexander N Marsh
Last Updated: January - 12 - 2025
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