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
Overview
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.
Listing Details MLS# 222002919
Location Property Info
- Original List Price
- 1550000
- Property Sub Type
- Retail
- Street #
- 4125
- Street Name
- West
- Street Suffix
- Pike
- County
- Muskingum
- State
- OH
- Zip Code
- 43701
- Township
- Falls
OfficeContract Info
- MLS Entry Date
- 2022-02-01
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
- Number of Units
- Yes
- # of Floors Above Gr
- Yes
- Year Built
- 2016
- Use Code
- 429 - OTHER RETAIL STRUCTURES
- Acreage
- 1.79
- # of Docks
- 0
Tax Info
- Parcel #
- 17-82-02-39-003
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2020
- Tax Abatement
- No
- Taxes (Yrly)
- 9994
Status Change Info
- Under Contract Date
- 2022-03-03
- Sold Date
- 2022-04-29
- Sold Price/SqFt
- 163.3
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Sale Info
- Seller Assisted Fin
- N
- Seller/Buyer Concessions
- N
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
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.
Income/Expenses
- Gross Income
- 7814.4
- Net Operating Income
- 7814.4
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
T Contracts Directly
- All
- Yes
Construction
- Frame
- Yes
New Financing
- Conventional
- Yes
Business Type
- Retail
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 J Riddle
Last Updated: February - 21 - 2025
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