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AGENT OWNED INVESTMENT OPPORTUNITY, NATIONAL TENANT 130 East Herrick Avenue, Wellington, OH 44090
Availability:
for sale
Property Type:
Retail - Automotive
Retail - Free Standing
Retail - Free Standing
Building Size:
3,234 SF
Price:
$320,000
Price per SF:
$98.95
Cody Sinclair
cody@gerspachergroup.com
(330) 722-5002
Troy Gerspacher, CCIM, SIOR
troy@gerspachergroup.com
(330) 722-5002
Property Description
130 East Herrick Avenue is an AGENT OWNED prime, income-generating opportunity in the heart of downtown Wellington, OH. The current lease extends through January 2029, with three additional five-year renewal options, ensuring stable long-term cash flow. Scheduled rent increases occur every five years, while NAPA covers property taxes and insurance. The landlord is responsible only for structural and site maintenance, offering a low-management investment structure. Recent capital improvements include a new roof and electrical panel (2025) and an ADA-compliant restroom (2024). Located in a highly visible downtown corridor, this asset combines strong tenant credit with an attractive 7.5% CAP rate, making it an excellent addition to any diversified investment portfolio.
Area Description
Located at 130 E Herrick Avenue in downtown Wellington, OH, this property enjoys prime visibility and foot traffic in the heart of the village. Situated just 8.3 miles south of Oberlin.
Highlights
- Available: 3,234 SF
- Term: 3 Year NNN lease remaining through January 2029 with three 5 year options. Guarantee by Genuine Parts Company, dba NAPA Auto Parts
- Recent improvements include a new roof and electrical panel (2025) and an ADA-compliant restroom (2024)
- Parking: 4 spaces
- Zoning: CB-1
- Traffic Count: ±6,109 2024
- Annual Real Estate Taxes: $1,928.40
Full Address: 130 East Herrick Avenue, Wellington, OH 44090
Listing Type: FOR SALE
Status: Active
Region: M-EN
Property ID: 4092316
Building Sf: 3,234
Parcel Num: 1800022101052
Number Units: 1
Features