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Tire Discounters - Chillicothe, OH 1596 N Bridge St 7,851 SF 100% Leased Retail Building Chillicothe, OH 45601 $3,350,000 ($426.70/SF) 5.75% Cap Rate
Investment Highlights
- Features an Absolute Triple Net (NNN) Lease structure with zero management responsibilities. The tenant is responsible for all taxes, insurance Etc.
- The property is surrounded by major national brands, including Walmart, Lowe’s, Sam's Club, and DICK's Sporting Goods, that draw shoppers.
- Positioned as a high-visibility outparcel to Menards, which is the top home improvement anchor in this region.
- Located in the heart of the North Bridge Street retail corridor, the primary commercial district for the city.
- The lease is backed by a corporate guarantee from Tire Discounters. As one of the largest independent tire dealers in the country.
Executive Summary
We are pleased to exclusively offer for sale the 7,851 SF Tire Discounters property located at 1596 N Bridge Street in Chillicothe, OH. This investment features an Absolute Triple Net (NNN) Lease structure, offering investors a truly passive ownership opportunity with zero landlord management responsibilities. Under the terms of the lease, the tenant is responsible for all property taxes, insurance, and maintenance, ensuring stable and predictable income for the owner. This asset provides a secure, hands-free investment opportunity backed by a strong tenant, making it an attractive addition to any investment portfolio.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,851 SF
Building Class
B
Year Built
2016
Price
$3,350,000
Price Per SF
$426.70
Cap Rate
5.75%
NOI
$192,495
Percent Leased
100%
Building Height
1 Story
Building FAR
0.14
Lot Size
1.25 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Tire Discounters
- Retailer
- 7,851 SF
- $24.52
- Sep 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Tire Discounters | Retailer | 7,851 SF | $24.52 | Sep 2036 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-54-60-025.000 | Improvements Assessment | $138,540 |
| Land Assessment | $224,690 | Total Assessment | $138,540 |
Property Taxes
Parcel Number
32-54-60-025.000
Land Assessment
$224,690
Improvements Assessment
$138,540
Total Assessment
$138,540
Contacts
-
Carson Adler -
Caleb Pruitt -
Luke Wakefield -
Sands Investment Group Atlanta, LLC
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Tire Discounters - Chillicothe, OH | 1596 N Bridge St
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