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Restaurant

Tim Hortons Triple Net w/14 Years Remaining

3010 Kettering Blvd, Moraine, OH 45439

Listing Price: $1,300,000

Cap Rate
5.22%
Tenant Name
Tim Hortons
Years Remaining On Lease
13.9
Guarantor
Franchisee Guarantee
Rentable SF
1,566
Lease Type
Absolute Net
Rent Per Square Feet
$43.34

Investment Overview

Subject is a Prime 1,566 Square-Foot Tim Hortons on a .56-Acre Lot with Drive-Thru, Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Busy Intersection. Absolute NNN Lease with a 20-Year Base Term, 14 Years Remaining and Zero Landlord Responsibility | 2% Annual Rental Increases and 2 x 5-Year Options.

Investment Highlights

  • Robust Traffic Counts on Kettering Blvd (12,686 VPD), Dixie Dr (13,895 VPD), and Dorothy Lane (16,880 VPD) (Source: LandVision, CoStar, 2022)
  • Tenant Ampex Brands Currently Operates Over 400 QSR, Fast Food and Convenience Stores Throughout the USA and has Surpassed $500 Million in Annual Revenue
  • Well Established Retail Corridor | Nearby National Retailers Include: McDonald's, Taco Bell, Arby's, Wendy's, Chipotle, Walmart, Dollar General, Midas, and Others
  • Affluent Community with an Average Household Income of Over $69K within Five Miles of the Subject Asset, as of 2022
  • Subject is 15 Miles from Dayton International Airport, Serving Well Over Half a Million Passengers Annually (flydayton.com)
  • Parks and Outdoor Recreational Facilities Nearby Include: Fariway Golf Club, Adirondack Trail, Hills & Dales MetroPark, Dayton Country Club, Natioal Museum of the USAF, Eastwood MetroPark, and More
  • Subject is 4 Miles from Downtown Dayton with a Population in the MSA of Over 800,000

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

Tim Hortons Triple Net w/14 Years Remaining

Listing Price: $1,300,000

Cap Rate
5.22%
Tenant Name
Tim Hortons
Years Remaining On Lease
13.9
Guarantor
Franchisee Guarantee
Rentable SF
1,566
Lease Type
Absolute Net
Rent Per Square Feet
$43.34

Investment Highlights

  • Robust Traffic Counts on Kettering Blvd (12,686 VPD), Dixie Dr (13,895 VPD), and Dorothy Lane (16,880 VPD) (Source: LandVision, CoStar, 2022)
  • Tenant Ampex Brands Currently Operates Over 400 QSR, Fast Food and Convenience Stores Throughout the USA and has Surpassed $500 Million in Annual Revenue
  • Well Established Retail Corridor | Nearby National Retailers Include: McDonald's, Taco Bell, Arby's, Wendy's, Chipotle, Walmart, Dollar General, Midas, and Others
  • Affluent Community with an Average Household Income of Over $69K within Five Miles of the Subject Asset, as of 2022
  • Subject is 15 Miles from Dayton International Airport, Serving Well Over Half a Million Passengers Annually (flydayton.com)
  • Parks and Outdoor Recreational Facilities Nearby Include: Fariway Golf Club, Adirondack Trail, Hills & Dales MetroPark, Dayton Country Club, Natioal Museum of the USAF, Eastwood MetroPark, and More
  • Subject is 4 Miles from Downtown Dayton with a Population in the MSA of Over 800,000

Investment Overview

Subject is a Prime 1,566 Square-Foot Tim Hortons on a .56-Acre Lot with Drive-Thru, Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Busy Intersection. Absolute NNN Lease with a 20-Year Base Term, 14 Years Remaining and Zero Landlord Responsibility | 2% Annual Rental Increases and 2 x 5-Year Options.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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