Single-Tenant Fisher Auto Parts Plus Retail
For sale to qualified investors is the fee simple interest in three single-tenant retail and industrial buildings located in Ontario, Ohio. The buildings are all located together on separate parcels and leased to Fisher Auto Parts (over 500 stores), Modern Office Methods ($50M in recent annual revenue), and Chad’s Automotive Repair. This is a rare opportunity for an investor to acquire three freestanding buildings at below replacement cost and have the ability to either hold all three buildings or sell individually. The property is being offered at an attractive 8.2% cap rate on in-place income. Ontario is a major retail trade area within central Ohio and caters to an area population of over approximately 125,000 people. Because of this, the area has become a hub for retail, service, hospitality, industrial and warehousing. The property is located on West 4th Street amongst the hub of area automobile dealerships, and just bocks east of “main and main” for the district.