Cap Rate: 6.75%
Net Operating Income: $111,261.93
Square Footage: 1,800
Lot Size: 0.19 AC
This is an absolute net leased C-Store offering in Convoy, 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.
Convoy is a village in Van Wert County, Ohio, United States. The population was 1,085 at the 2010 census. It is included in the Van Wert, Ohio Micropolitan Statistical Area.