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Meineke 1315 Main St 3,532 SF Retail Building Hamilton, OH 45013 $1,328,544 ($376.14/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities for truly passive income.
- 10% rental increases every five years provide structured income growth.
- Prime Main Street location with ±21,000 vehicles per day for high visibility.
- Strong franchise operator Marcor, LLC with 39 locations and plans for 100+ units.
- Recent $95,000 tenant improvements demonstrate long-term commitment.
- Surrounded by national retailers including CVS, Kroger, Aldi, and Walmart.
Executive Summary
Matt Wallace
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,532 SF
Building Class
B
Year Built/Renovated
1989/2026
Price
$1,328,544
Price Per SF
$376.14
Cap Rate
6.25%
NOI
$83,034
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.60 AC
Zoning
B-2, Hamilton - Community Business District
Frontage
188’ on Main Street
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | P6412-021-000-071 | Improvements Assessment | $43,090 |
| Land Assessment | $50,660 | Total Assessment | $93,750 |
Property Taxes
Parcel Number
P6412-021-000-071
Land Assessment
$50,660
Improvements Assessment
$43,090
Total Assessment
$93,750
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Meineke | 1315 Main St
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