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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34605413
34605409

2275 Crowne Point Drive, Cincinnati, OH 45241 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$5,612,000
1 day on market
Updated 1 day ago

Northern Tool + Equipment

Details
Property Type Retail
Sub Type Storefront
Square Footage 22,460
Cap Rate 7.50%
NOI $420,900
Occupancy 100%
Tenancy Single
Brand/Tenant Tractor Supply, Harbor Freight (+1)
Lease Type NN
Lease Term 12
Lease Expiration 11/30/2035
Remaining Term 10
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $250
Broker Co-Op True
Year Built 2023
Acreage 1.600
Zoning Commercial
Parking Spaces 70 spaces
Parking per 1,000 SqFt 3.12
Investment Type Net Lease
Lease Commencement 11/15/2023
Ground Lease No

Corporate Lease | Great Visibility | 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
7.5%
Cap Rate
7.5%
ROI

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Property History

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