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Columbus, OH - Meineke

$1,405,000

5500 N. High Street, Columbus, OH 43214

Active
Last Updated: 02/04/2026

6.25

Cap Rate

87,835

NOI

Details:
Cap Rate:    6.25%
NOI:    $87,835
Building Size:    4,266 sqft
Lot Area:    0.35 acres
Occupancy:    100%
Year Built:    1984
Zoning:    Mixed-Use
Year Last Renovated:    2026
Description:

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Meineke Car Care Center investment property located in Columbus, Ohio. The tenant, Meineke Car Care Center (Marcor LLC) recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Meineke Car Care Center is strategically located along N. High Street / U.S. Highway 23, a primary north–south commercial corridor serving the Columbus Metropolitan Area, with traffic counts exceeding 16,400 vehicles per day, and in close proximity to Interstate 71, which carries approximately 128,700 vehicles per day. This high-visibility location benefits from strong ingress and egress and consistent daily commuter traffic. The subject property is positioned within a dense, established retail corridor surrounded by a strong mix of national and credit tenants, including Target, Kroger, Walmart, Aldi, CVS, Walgreens, Dollar General, Petco, Chick-fil-A, Wendy’s, Taco Bell, and other service-oriented and quick-service retailers that drive consistent consumer traffic to the area. The asset also benefits from proximity to multiple neighborhood and regional shopping centers, reinforcing long-term retail demand. Additionally, the property is located within the Columbus MSA, one of the Midwest’s largest and fastest-growing metropolitan areas. The 5-mile trade area is supported by more than 353,000 residents, with average household incomes exceeding $105,000, providing a strong and stable consumer base. The area is further supported by a substantial daytime population, contributing to consistent demand for automotive and service-based retail.

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