4125 West Pike, Zanesville, OH 43701
$1,535,000
Property Type:
Commercial
Square Footage:
9,400
Lot Size (sq. ft.):
77,972
Status:
Closed
Current Price:
$1,535,000
List Date:
2/01/2022
Last Modified:
2/21/2025
Description
Absolute NNN Lease Dollar General w/ 9.8 years remaining of 15-year lease (Lease Expiration 11/30/2031). Current lease includes 3 option periods with 10% increase at the end of the current lease term. All operating costs paid by Corporate backed Tenant: Insurance, Parking Lot Maintenance, Property Taxes, Roof and Structure, & HVAC. Annual Rental Income of $85,248 with little to no management required by Landlord. Zanesville is situated 52 Miles from Columbus, OH, the most populous city in the state & the 14th-most populous City in the United States. The store location features an attractive 5 Mile radius population & healthy traffic counts. As of January 2021, Dollar General has 17,000+ stores in 46 states and over 164,000 Employees.
Supplements: ********
More Information MLS# 222002919
Location & Property Info
List Price/SqFt: 164.89
City (Mailing Addr): Zanesville
Corp LimitPerAuditor: None
Office/Contract Info
For Sale: Yes
Exchange: Yes
For Lease: No
Lease Rate $/Sq Ft: 170.33
General Property Info
Previous Use: Retail (DG)
Total SqFt Available: 9400
Bldg Sq Ft: 9400
Max Cont Sqft Avail: 9400
Minimum Sqft Avail: 9400
Occupancy Rate: 100
# of Docks: 0
Use Code: 429 - OTHER RETAIL STRUCTURES
Number of Units: 1
# of Floors Above Gr: 1
Year Built: 2016
Acreage: 1.79
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 9994
Parcel #: 17-82-02-39-003
Tax Year: 2020
Remarks & Misc
Property Description: Absolute NNN Lease Dollar General w/ 9.8 years remaining of 15-year lease (Lease Expiration 11/30/2031). Current lease includes 3 option periods with 10% increase at the end of the current lease term. All operating costs paid by Corporate backed Tenant: Insurance, Parking Lot Maintenance, Property Taxes, Roof and Structure, & HVAC. Annual Rental Income of $85,248 with little to no management required by Landlord. Zanesville is situated 52 Miles from Columbus, OH, the most populous city in the state & the 14th-most populous City in the United States. The store location features an attractive 5 Mile radius population & healthy traffic counts. As of January 2021, Dollar General has 17,000+ stores in 46 states and over 164,000 Employees.
Status Change Info
Sold Price/SqFt: 163.3
Under Contract Date: 2022-03-03
Sold Date: 2022-04-29
Sold Price: $1,535,000
Income/Expenses
Gross Income: 7814.4
Net Operating Income: 7814.4
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
T Contracts Directly
All: 1
Construction
Frame: 1
Auction Info
Auction/Online Bidding Y/N: No
New Financing
Conventional: 1
Business Type
Retail: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 1550000
Sold Price: $1,535,000
Property Sub Type: Retail
Street #: 4125
Street Name: West
Street Suffix: Pike
County: Muskingum
State: OH
Zip Code: 43701
Township: Falls
OfficeContract Info
Status: Closed
MLS Entry Date: 2022-02-01
Property Features
Addl Acceptance Cond: None Known
T Contracts Directly: All
Construction: Frame
Business Type: Retail
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office: New Albany Realty, LTD
Listing Agent: Robert Riddle
Last Updated: February - 21 - 2025
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