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Northern Tool + Equipment 2275 Crowne Point dr 22,460 SF Retail Building Cincinnati, OH 45241 $6,475,000 ($288.29/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2023 construction | Desirable lease term | 10 years remaining | Large parcel | 1.60 acres
- Great visibility from I-75 | 132,250 VPD
- Attractive population density within a 5-mile radius | 154,193 residents
- Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the US
- Located inside of dense retail corridor | 4M SF within a 2-mile radius
- Affluent surrounding area | $197,488 average household income within a 1-mile radius
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Northern Tool + Equipment in Cincinnati, OH. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Department Store
Building Size
22,460 SF
Building Class
B
Year Built
2023
Price
$6,475,000
Price Per SF
$288.29
Cap Rate
6.50%
NOI
$420,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
1.60 AC
Zoning
Commercial
Parking
70 Spaces (3.12 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 608-0016-0090 | Improvements Assessment | $699,948 |
| Land Assessment | $140,308 | Total Assessment | $840,256 |
PROPERTY TAXES
Parcel Number
608-0016-0090
Land Assessment
$140,308
Improvements Assessment
$699,948
Total Assessment
$840,256
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Northern Tool + Equipment | 2275 Crowne Point dr
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