Net Lease
Service Partners | Single Tenant Industrial NNN Lease
2536 Creekway Dr, Columbus, OH 43207
Listing Price: $2,650,000
Cap Rate
6.70%
Gross SF
25,360
Price/Gross SF
$104.50
Lot Size
1.48 acres
Year Built
1988
Rentable SF
25,360
Investment Overview
New single tenant NNN lease with Service Partners, a subsidiary of TopBuild (NYSE: BLD)
Service Partners | Single Tenant Industrial NNN Lease
Investment Highlights
- New single tenant NNN lease with 2.5% annual increases | Lease expires May 31, 2029
- 25,360 square foot small-bay industrial property on 1.48 acres | Property has 2 bays and tenant occupies both bays
- Service Partners is a division of Specialty Distribution Group, LLC, part of TopBuild, Inc. (NYSE: BLD), which has a market capitalization exceeding $10 Billion
- The building was built in 1988 and features 18' clear heights, ample loading and block construction
- Tenant has a Termination Option and can vacate beginning March 1, 2027
- Rent is in-line with the market at $7.00 per square foot NNN | Tenant moved in Summer 2024
- Strong rental market for small-bay space | CoStar reports 4.9% submarket vacancy rate
- This is a relocation store from a former Service Partners location in Mansfield, OH
Exclusively Listed By
Financing By
Net Lease
Service Partners | Single Tenant Industrial NNN Lease
Listing Price: $2,650,000
Cap Rate
6.70%
Gross SF
25,360
Price/Gross SF
$104.50
Lot Size
1.48 acres
Year Built
1988
Rentable SF
25,360
Investment Highlights
- New single tenant NNN lease with 2.5% annual increases | Lease expires May 31, 2029
- 25,360 square foot small-bay industrial property on 1.48 acres | Property has 2 bays and tenant occupies both bays
- Service Partners is a division of Specialty Distribution Group, LLC, part of TopBuild, Inc. (NYSE: BLD), which has a market capitalization exceeding $10 Billion
- The building was built in 1988 and features 18' clear heights, ample loading and block construction
- Tenant has a Termination Option and can vacate beginning March 1, 2027
- Rent is in-line with the market at $7.00 per square foot NNN | Tenant moved in Summer 2024
- Strong rental market for small-bay space | CoStar reports 4.9% submarket vacancy rate
- This is a relocation store from a former Service Partners location in Mansfield, OH
Investment Overview
New single tenant NNN lease with Service Partners, a subsidiary of TopBuild (NYSE: BLD)
Exclusively Listed By
Financing By
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