About This Restaurant
Investment Highlights
100% Occupied, 9,000 SF 3-Tenant NNN Outparcel Strip Center in Cincinnati, OH Prime Frontage and Visibility to Colerain Ave (38,908 VPD) and Ohio Route 126 Exit Ramps (22,450 VPD) All Tenants Leased to Landlord- Favorable Pro Rata NNN Terms Incl. Admin Fees and Reimbursement of Mgmt Fees ? Zero Operating Expense Slippage Outparcel to Crossings of Colerain I, Next Level Fitness, Trampoline Park, and Collision Center-Anchored Community Shopping Center All Tenants are National Retailers Colerain Ave is the Primary North- South Arterial & Commercial Corridor Serving Cincinnati?s Near-North Suburbs
Executive Summary
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding Flex Showroom General Retail Fast Food General Retail Storefront Freestanding
- Building Size 9,000
- Year Built 2019
- Price 2,817,000
- Price Per SF 313
- Cap Rate 7.83
- NOI 220,633
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.15
- Land Acres 1.38 AC
Nearby Amenities & Transportation
Retail | Rockin' Jump | ||
Retail | Bank of America | ||
Retail | Woodforest National Bank | ||
Retail | Rent-A-Center | ||
Retail | Jazzercise | ||
Retail | U.S. Bank | ||
Retail | Skyline Chili | ||
Retail | PNC Bank | ||
Retail | Starbucks | ||
Retail | The YMCA |
Property Taxes
Parcel Number | 510-0060-0255 | Improvements Assessment | $164,119 (2023) |
Land Assessment | $430,577 (2023) | Total Assessment | $594,696 (2023) |
Date Created: | 2024-07-16 04:18:05 | Last Updated: | 2024-07-16 04:18:05 |
Address: | 8390 Colerain Ave , Cincinnati, Ohio, 45239 |