Cap Rate: 6.75%
Net Operating Income: $121,063.40
Square Footage: 4,894
Lot Size: 0.75 AC
This is an absolute net leased C-Store offering in Paulding, OH. This Marathon Petroleum branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator.
Paulding is a village in and the county seat of Paulding County, Ohio, United States. It is located predominantly in Paulding Township about 64 miles southwest of Toledo. The population was 3,605 at the 2010 census.
Paulding is at the intersection of US Highway 127 and State Route 111 and the terminus of State Route 500.