3046 Maple Ave, Zanesville, OH 43701
1,546 SF | Retail Building | Zanesville, OH 43701 | $1,269,000 ($821/SF) | 6.50% Cap Rate
For Sale
Active
Asking Price $1,269,000
- Property Type
-
Retail
- Square Feet
- 1,546 SF
- Price / Square Foot
- $821
Listing Contacts
- Property Info
Property Overview
Pegasus Investments Real Estate Advisory Inc., as exclusive advisor to Seller, is pleased to offer a rare opportunity to acquire a low-price-point, single-tenant triple net (NNN) leased Jiffy Lube in Zanesville, Ohio (the “Property”). Leased to Jiffy’s Lube’s largest franchisee with over 520 locations nationwide, the Property is offered as one of the most passive forms of direct real estate ownership, allowing investors to experience a “hands-off” investment. Following nearly 20 years of operating history, the tenant recently extended its lease for 10+ years of firm term, offering investors long-term security, which is a testament to the tenant’s dedication to the real estate.
Shadow-anchored by Walmart Supercenter, the Property is strategically located as an outparcel to Staples and Gabe’s along Maple Ave, the primary retail thoroughfare in Zanesville. Along with excellent neighboring corridor tenancy from Kroger, Sam’s Club, Lowe’s, and Home Depot, the Property is located directly across the street from Genesis Hospital. The 282-bed hospital is the center point of the Genesis Health Healthcare System’s integrated health care delivery system, an extensive network of more than 300 physicians and multiple outpatient care centers throughout the region.
Shadow-anchored by Walmart Supercenter, the Property is strategically located as an outparcel to Staples and Gabe’s along Maple Ave, the primary retail thoroughfare in Zanesville. Along with excellent neighboring corridor tenancy from Kroger, Sam’s Club, Lowe’s, and Home Depot, the Property is located directly across the street from Genesis Hospital. The 282-bed hospital is the center point of the Genesis Health Healthcare System’s integrated health care delivery system, an extensive network of more than 300 physicians and multiple outpatient care centers throughout the region.
Property Details
- Year Built
- 1993
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- Long-Term Absolute NNN Lease with Approximately 20-Year Operating History
- Shadow-Anchored by Walmart Supercenter & Directly Across from 282-Bed Genesis Hospital
- Top-Performing Jiffy Lube Location in Market (per Placer.ai) - top-3 store in Ohio
- Tenant recently executed extension resulting in approximately 10 years of firm term remaining
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