Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Atlanta
$3,350,000
Tire Discounters - Chillicothe, OH
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,851
Cap Rate 5.75%
NOI $192,495
Occupancy 100%
Tenancy Single
Brand/Tenant Tire Discounters
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/02/2036
Remaining Term 10.3
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $427
Year Built 2016
Buildings 1
Acreage 1.250
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/03/2016
Tire Discounters | Menards Outparcel | Corporate Guarantee | High-Traffic Corridor
Marketing description
We are pleased to exclusively offer for sale the 7,851 SF Tire Discounters property located at 1596 N Bridge Street in Chillicothe, OH. This investment features an Absolute Triple Net (NNN) Lease structure, offering investors a truly passive ownership opportunity with zero landlord management responsibilities. Under the terms of the lease, the tenant is responsible for all property taxes, insurance, and maintenance, ensuring stable and predictable income for the owner. This asset provides a secure, hands-free investment opportunity backed by a strong tenant, making it an attractive addition to any investment portfolio.
Investment highlights
- Absolute Triple Net (NNN) Passive Income: Features an Absolute Triple Net (NNN) Lease structure with zero management responsibilities. The tenant is responsible for all taxes, insurance, and maintenance, creating a completely passive income stream for the property owner.
- Dominant Retail Corridor: Located in the heart of the North Bridge Street retail corridor, the primary commercial district for the city. The property is surrounded by major national brands, including Walmart, Lowe’s, Sam's Club, and DICK's Sporting Goods, that draw shoppers from the entire county.
- Corporate Lease Guaranty: The lease is backed by a corporate guarantee from Tire Discounters. As one of the largest independent tire dealers in the country, with over 200 locations, they offer a secure and creditworthy rental stream.
- Strategic Menards Out-Parcel: Positioned as a high-visibility out-parcel to Menards, which is the top home improvement anchor in this region, and acts as a significant traffic driver to the location.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,495.00
$16,041.25/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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