Meineke - Hamilton, OH (Cincinnati MSA)
20-YEAR LEASE | ±39 UNIT OPERATOR | ABS. NNN
Marketing description
Matthews™ is pleased to present its latest automotive listing—Meineke in Hamilton, OH (Cincinnati MSA). The property was recently backfilled by the tenant who has invested $95,000 in improvements, demonstrating long-term commitment. The lease is absolute NNN with zero landlord responsibilities. The tenant, Marcor, LLC, is a successful franchisee with plans for substantial growth of 100+ stores, and backs the lease with both a complete corporate and personal guaranty. This property includes 10% increases every five years, providing a hedge against inflation. The auto service industry is recession-resistant and essential, ensuring steady demand. Located on Main Street with high visibility to ±21,000 vehicles daily, the property benefits from a strong retail synergy with national chains like CVS and Walmart.
Investment highlights
- Listed for $1,328,544 yielding a cap rate of 6.25%.
- #1 Operator in the Meineke System - The tenant, Marcor, LLC, is an award-winning franchisee and currently operating 52 locations which is the most of any Meineke franchisee. Their proven operational success and growth strategy provide additional credit strength and long-term stability. *Reach out to broker for more information.
- Recent Backfill by Tenant -- ±$95,000 in tenant improvements recently invested into the building.
- Abs. NNN Lease with zero landlord responsibilities.
- Growing and Award-Winning Franchisee -- Marcor, LLC has 39 units and actively growing with plans to reach 100+ units.
- Rent Increases – 10% increases every 5 years provide hedge against inflation.
- Tax Benefits – Auto service properties are eligible for an accelerated depreciation schedule **Consult your tax or accounting professional for more information.
- Ecommerce & Recession-Proof Investment - auto service industry is not heavily affected by changes in the economy.
- Retail Synergy - nearby tenants include: CVS, Wendy's, Kroger, Aldi, Taco Bell, Raising Cane's, Lowe's, Walmart Supercenter, and more.
- Heavy Traffic Volume -- ±21,000 vehicles per day on Main St.
- Parcel Size of ±0.60 AC.
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