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Firestone Complete Auto Care 661 Northland Blvd 6,080 SF Retail Building Cincinnati, OH 45240 $1,100,000 ($180.92/SF) 5.50% Cap Rate
Investment Highlights
- 1985 Construction. 6,080+/- SF Building on 0.78+/- Acre Site
- Strategic Highway Connectivity – Positioned along Northland Boulevard between Interstate 75 and Interstate 275
- Firestone is operated by Bridgestone Retail Operations, World’s Largest Network of Auto Service Providers; Operates ~2,200 Centers Nationwide
- Significantly Below Market Rent: Current Rent is Well Below Prevailing Market Levels
- Located w/in Established Retail Corridor – Benefits from nearby national retailers including Costco, Walgreens, Speedway, & More
- Cincinnati | 3rd Largest City in Ohio & 29th Largest in the U.S. | MSA Population: 2.31M+
Executive Summary
One Year Remaining on a Ground Lease, with Two 5-Year Renewal Options Remaining
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,080 SF
Building Class
C
Year Built
1985
Price
$1,100,000
Price Per SF
$180.92
Cap Rate
5.50%
NOI
$60,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
Commercial Service
Parking
25 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
160’ on Northland Blvd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 591-0005-0317 | Improvements Assessment | $149,618 |
| Land Assessment | $56,154 | Total Assessment | $205,772 |
Property Taxes
Parcel Number
591-0005-0317
Land Assessment
$56,154
Improvements Assessment
$149,618
Total Assessment
$205,772
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