Cap Rate: 6.75%
Net Operating Income: $109,027.11
Square Footage: 2,828
Lot Size: 0.23 AC
This is an absolute net leased C-Store offering in Deshler, Ohio. This Shell 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.
Deshler is a village in Henry County, Ohio, United States. The population was 1,799 at the 2010 census. Deshler was platted in 1873, and named for John G. Deshler, the original owner of the town site. A post office has been in operation at Deshler since 1872. The village was incorporated in 1876. Since the early 1900s the Baltimore and Ohio Railroad provided a large economic presence. Deshler, once called “The Crossroads of the B&O,” was where the B&O’s Detroit/Toledo to Cincinnati line crossed the very busy Chicago to Washington, D.C., mainline. Today, CSX Transportation owns and operates both lines.