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32722856
32722853

2275 Crowne Point Drive, Cincinnati, OH 45241

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$6,013,000
17 days on market
Updated 17 days ago

Northern Tool + Equipment

Details
APN 06080016009100
Property Type Retail
Sub Type Storefront
Square Footage 22,460
Units 1
Cap Rate 7%
NOI $420,900
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 12
Lease Expiration 11/30/0235
Remaining Term 10
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $268
Broker Co-Op True
Year Built 2023
Acreage 1.600
Zoning Commercial
Parking Spaces 70 spaces
Parking Per SqFt 3.12
Investment Type Value Add
Tenant Credit Corporate Guarantee
Lease Commencement 11/15/2023
Ground Lease No

Corporate Lease | Long Lease Term | Affluent Surrounding Area

Investment highlights

• New 2023 construction

• Desirable lease term | 10 years remaining

• Corporate lease | Northern Tool & Equipment Company, Inc. | 140 locations across the US

• Great visibility from I-75 | 132,250 VPD

• Located inside of dense retail corridor | 4M SF within a 2-mile radius

• Large parcel | 1.60 acres

• Attractive population density within a 5-mile radius | 154,193 residents

• Large industrial presence nearby | 8.1M SF of space within a 1-mile radius

• Affluent surrounding area | $197,488 average household income within a 1-mile radius

• 15 minutes from TriHealth Bethesda North Hospital | 400 beds

• 10 miles from Xavier University | 6,000 students

• 1 mile from Princeton High School | 1,700 students

• Adjacent to Ford Motor Company Sharonville Transmission Plant | 1,600 employees | 41K SF

• 5 minutes from The Gorilla Glue Company and GE Aerospace headquarters | Major employment hubs drawing a significant daily workforce

• Nearby destination retailers | Walmart Supercenter, Target, Kroger, Lowe’s, Sam’s Club, IKEA, Hobby Lobby, PetSmart, Outback Steakhouse, Olive Garden, First Watch, Chick-fil-A, Starbucks, Wendy’s, and more

• 25 minutes from Downtown Cincinnati, OH

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$420,900.00
$35,075.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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