Address: 625 W Coshocton Street Johnstown, OH 43031

Occupancy: 100% LEASED

Purchase Price: $1,695,000

Acreage: 1.44 Acres

Cap Rate: 3.41% increasing to 4% at next renewal

Land Lease: 20 year term 5 year renewal with one option left

Highlights:

• 20 Year McDonalds Land Lease (corporate) just renewed for five years and rents increase by 15% to $66,501 in next renewal.
• Only one more fixed rent five year renewal option remaining and then owner can negotiate higher rents. Market rents asking$120,000 per acre and $2 million per acre sales price.
• Next to the new $20 billion Intel Plant with 3,000 jobs plus 7,000 construction jobs in addition to all of the Intel suppliers moving into the area.
• Johnstown is expected to grow nearly 10 times in population
• Columbus is now known as Silicon Valley of the Midwest and has also attracted Amazon, Google, Meta, Microsoft and others
• Columbus is also the state capital and has many other expanding industries including Banking, Biotech, Logistics, Insurance, and many others.
• Tenants in the shopping center adjacent include Tractor Supply, Dollar Tree, H&R Block, Goodwill with no vacancy. AdvanceAuto, CVS, Kroger, and Wendys are adjacent and there is no retail vacancy in Johnstown.