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AAA | Abs NNN Corporate Lease 3663 Stone Creek Blvd 6,890 SF Retail Building Cincinnati, OH 45251 $2,523,000 ($366.18/SF) 6.25% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Corporate Lease with Over 8 Years Remaining
- Densely-Populated Cincinnati Trade Area with 146,010 Residents within a 5-Mile Radius
- Easy Freeway Access Immediately Off Interstate 275 (±75,370 Cars per Day), a Significant Connector for the Cincinnati MSA
- Annual Rental Increases with Multiple Renewal Options
- Situated within Stone Creek Towne Center, Anchored by Meijer and JCPenney
- High Traffic Location Along Colerain Avenue (±33,500 Cars per Day) Providing a Direct Connection South to Downtown Cincinnati
Executive Summary
AAA offers a wide array of automotive, travel, insurance and financial services. In North America, AAA is a not-for-profit, fully tax-paying federation of 44 motor clubs with more than 1,100 offices, serving more than 65 million Members throughout the United States (35 clubs) and Canada (nine clubs).
The Cincinnati metro is a 15-county region located within portions of Ohio, Kentucky, and Indiana that maintains a population of 2.2 million. Over the next few years, the metro is expected to add nearly 20,000 new residents, resulting in the formation of 13,000 households.
The Cincinnati metro is a 15-county region located within portions of Ohio, Kentucky, and Indiana that maintains a population of 2.2 million. Over the next few years, the metro is expected to add nearly 20,000 new residents, resulting in the formation of 13,000 households.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,890 SF
Building Class
C
Year Built
1984
Price
$2,523,000
Price Per SF
$366.18
Cap Rate
6.25%
NOI
$157,708
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.73 AC
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 510-0111-0320 | Improvements Assessment | $227,875 |
| Land Assessment | $170,517 | Total Assessment | $398,392 |
Property Taxes
Parcel Number
510-0111-0320
Land Assessment
$170,517
Improvements Assessment
$227,875
Total Assessment
$398,392
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