loader
Join Free
Views: 304 DOM: 109 Updated: 06.25.24 Posted: 03.25.24 Status: Active

Summary

Price $2,135,000
Built/Renov 2012
Tenant Tire Discounters
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,906
Lease Start 05-01-2024
#Units 189
Price/SF $361.50
Expiration 04-30-2039
Tenant Type Automotive
NOI $128,146
R. Term 14.9
Ownership Fee Simple
Rent/SF $21.70
Increases 7.5%/5/yrs
Pop 5Mi 228,802
Lot/AC 0.70
Options 4/5yrs/7.5%
AHHI 5Mi $74,570

Lease Highlights

  • Tire Discounters has successfully operated in this location for 25+ years
  • Tenant to execute a new 15-year lease with 4 (5-year) options to extend upon close of escrow
  • The lease features 7.5% rental increases every 5 years throughout the primary term and in options
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Tire Discounters is strategically located on North Bend Road, with access to 35,000 vehicles passing by daily. The property is situated at the on/off ramp of Interstate 74/U.S. Route 52, the main highway connecting Cincinnati to Indianapolis. Additionally, it is in proximity to the University of Cincinnati, Cincinnati State Technical College, Xavier University. Moreover, it is 8 miles from the...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Tire Discounters
  • Guarantor:Corporate
  • Company:Tire Discounters, Inc.
  • # Units:189
  • Stock:Private

About Tenant

Tire Discounters is a chain of tire and auto service shops. They are the largest family-owned and operated tire and service provider in the U.S.. The private company was founded in 1976 with a...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,052 83,146 229,338
2023 Total Population : 7,205 84,154 231,865
2023 Employed Civilian Pop : 3,963 42,958 113,453
2023 Total Businesses : 315 2,158 5,381
2023 Average Household Income : $ 105,371 $ 84,863 $ 80,970
2023 Total Consumer Spending : $ 284 M $ 2660 M $ 6879 M
2023 Median Age : 45 40 39
2023 Total Households : 3,144 36,041 97,498
2023 Pop Age 25+: Bachelor's Degree : 1,641 12,640 32,999
2023 Average Home Value : $ 231,316 $ 225,142 $ 226,670
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Bend Rd Lees Crossing Dr 2011 22,961 0.03 mi
NORTH BEND RD Lees Crossing Dr 2020 34,322 0.03 mi
N Bend Rd Lees Crossing Dr 2011 24,308 0.07 mi
W Fork Rd 2011 9,453 0.08 mi
North Bend Road Lees Crossing Dr 2021 31,844 0.09 mi
W Fork Rd 2011 3,094 0.15 mi
2019 3,344 0.16 mi
RAMP FROM NORTH BEND RD SB TO IR74 WB N Bend Rd 2021 3,402 0.16 mi
RAMP FROM NORTH BEND RD NB TO IR74-52 WB N Bend Rd 2021 3,550 0.16 mi
N Bend Rd Lees Crossing Dr 2011 26,051 0.17 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity