Marietta, OH - CheckSmart
$550,000
234 Pike St, Marietta, OH 45750
8.18
Cap Rate
45,000
NOI
Details:
Description:
• Approximately 4 years remaining with 3 (5-year) option periods to extend
• Features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Located just down the road from Lafayette Center, a 139,000 square foot shopping center with major tenants including Ollie’s Bargain Outlet, Planet Fitness, Harbor Freight Tools, and more
• Positioned just east of a major north/south travelling highway averaging 21,300 vehicles passing by daily
• Situated west of Washing Shopping Center, a 58,000 square foot center anchored by Kroger
• Located in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Big Lots, Tractor Supply Co, Family Dollar, and more, further increasing consumer traffic to the site
• Strong tenant synergy promotes crossover shopping to the subject property
Location
