Listed by Marcus & Millichap - Columbus
$5,314,286
Mad River Harley-Davidson
Details
APN 32-03494.011
Property Type Retail
Sub Type Auto Shop
Square Footage 41,585
Cap Rate 7.00%
NOI $372,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/07/2038
Rent Bumps Yes
Lease Options (3) 5-Year Options
Price per SqFt $128
Year Built 2002
Acreage 3.050
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/08/2022
Ownership Fee Simple
Retail | 7.00% CAP | 41,585 SqFt
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire Mad River Harley-Davidson, an Absolute NNN investment located in Sandusky, Ohio. This exceptional investment features 12+ years of remaining lease term with (3) 5-year renewal options and annual CPI-based rent escalations up to 2% with a floor of 1%. The property is strategically located in one of Ohio's premier visitor and leisure destinations due to close proximity to Cedar Point, Castaway Bay, Great Wolf Lodge and Kalahari.
Investment highlights
- 12+ Years Of Remaining Lease Term With (3) 5-Year Renewal Options
- Absolute NNN Lease Eliminating Landlord Expense Exposure
- Annual CPI Based Rent Escalations up to 2% with Floor of 1%
- Large Franchisee Guarantee with American Road Group who Operates 13 Harley-Davidson Dealerships Throughout Ohio, Florida, Pennsylvania, New Hampshire and Kentucky
- Below Market Rent at $8.95/SF with Embedded Covered Land Play Given Exception Location on Major Retail Corridor
- Large Customer Draw Radius Given Next Closest Harley-Davidson Location is 52 Miles Away
- Located In One Of Ohio's Premier Visitor And Leisure Destinations Due to Close Proximity to Cedar Point, Castaway Bay, Great Wolf Lodge and Kalahari
Listing Contacts
Listed by Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$372,000.00
$31,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialGeneral Commercial
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View all 88 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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