Cap Rate: 6.75%
Net Operating Income: $190,569.91
Square Footage: 2,790
Lot Size: 0.95 AC
This is an absolute net leased C-Store offering in Lima, 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.
Lima is a city in and the county seat of Allen County, Ohio, United States. The municipality is located in northwest Ohio along Interstate 75 approximately 72 miles (116 km) north of Dayton, 78 miles (126 km) southwest of Toledo, and 63 mi (101 km) southeast of Fort Wayne, Indiana.
As of the 2010 census, the city had a population of 38,771. It is the principal city of the Lima, Ohio metropolitan statistical area, which is included in the Lima–Van Wert–Wapakoneta, OH, combined statistical area. Lima was founded in 1831.
Lima is at the intersection of Ohio State Route 309 (the original Lincoln Highway) and state routes 65, 81 and 117. Interstate 75, which replaced U.S. Route 25, one of the routes of the Dixie Highway passes on the eastern perimeter of Lima. U.S. Route 30 passes east–west a few miles north of Lima.