3085 Olentangy River Rd 3,611 SF Retail Building Columbus, OH 43202 $1,350,000 ($373.86/SF) 3.15% Cap Rate

Short-Term Lease // Currently tenanted by Tire Choice (Monro)
6-Bay Auto Shop Across from Ohio State at 3085 Olentangy River Rd, Columbus, OH 43202 offers a rare chance to secure a high-visibility automotive property in one of Columbus’s most dynamic corridors. Positioned on a signalized corner with 16,000+ vehicles per day and just 0.5 miles from Ohio State University, this 3,956 SF service facility sits directly adjacent to a campus of 60,000+ students and within a dense population base of 20,000+ residents in just 2.5 square miles. This turnkey 6-bay automotive facility is ideal for an owner-user seeking a strategic entry into the market. The property is currently leased to Monro, Inc. through June 30, 2030, providing $42,500 in annual absolute NNN income with no landlord responsibilities and no renewal options remaining. That creates a clear, near-term path to future owner-operator control. Offered at $1,350,000, this is more than a passive investment—it’s a compelling opportunity to acquire well-located real estate today, collect interim income, and step into an established automotive location in under four years.
Investment highlights
Offered at $1,350,000, this acquisition secures a signalized corner lot half a mile from Ohio State University with a defined, near-term path to owner-operator control. Monro's lease runs through June 30, 2030 - under 4 years from today - with no renewal options remaining. In the meantime, in-place absolute NNN rent of $42,500 per year offsets the cost of ownership with zero landlord responsibilities. This is a real estate and operating acquisition first, priced for a buyer planning to run the location, not a passive cap-rate hold.