Auto Parts
Tire Choice
3085 Olentangy River Rd, Columbus, OH 43202
Listing Price: $617,000
Investment Overview
Marcus & Millichap is pleased to present for sale, Tire Choice in Columbus, Ohio. Tire Choice has an absolute triple-net lease with six years remaining. Tire Choice is being offered for $617,000.
Tire Choice
Investment Highlights
- Tire Choice Absolute Triple-Net Ground Lease with Six Years Remaining in Columbus, Ohio
- Tenant Executed 10-Year Lease Extension in 2020 Demonstrating Strong Commitment to Site.
- Monro, Inc. Corporate Lease Entity; 1,300 Monro Locations Throughout the U.S
- In Operation at Site Since 1980; Nearly 45 Years of Continuous Operating History
- Absolute Triple-Net Lease – Zero Landlord Responsibilities
- Upcoming 6 Percent Rent Increase in June 2025 Adds 40 Bps to Cap Rate
- Below-Market Rent of Only $40,000 Annually; Equivalent to $10 per Square Foot on the Building Gross Leaseable Area
Listing Price: $617,000
Investment Highlights
- Tire Choice Absolute Triple-Net Ground Lease with Six Years Remaining in Columbus, Ohio
- Tenant Executed 10-Year Lease Extension in 2020 Demonstrating Strong Commitment to Site.
- Monro, Inc. Corporate Lease Entity; 1,300 Monro Locations Throughout the U.S
- In Operation at Site Since 1980; Nearly 45 Years of Continuous Operating History
- Absolute Triple-Net Lease – Zero Landlord Responsibilities
- Upcoming 6 Percent Rent Increase in June 2025 Adds 40 Bps to Cap Rate
- Below-Market Rent of Only $40,000 Annually; Equivalent to $10 per Square Foot on the Building Gross Leaseable Area
Investment Overview
Marcus & Millichap is pleased to present for sale, Tire Choice in Columbus, Ohio. Tire Choice has an absolute triple-net lease with six years remaining. Tire Choice is being offered for $617,000.
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