Auto Parts
TIRE DISCOUNTERS | 11+ Yrs. | Abs. Net | Corporate Lease | Near Columbus OH
1596 N Bridge St, Chillicothe, OH 45601
Listing Price: $3,432,000
Cap Rate
5.75%
Tenant Name
Tire Discounters
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
7,851
Lease Type
Absolute Net
Rent Per Square Feet
$25.14
Investment Overview
Marcus & Millichap is pleased to present the offering for Tire Discounters in Chillicothe, Ohio.
TIRE DISCOUNTERS | 11+ Yrs. | Abs. Net | Corporate Lease | Near Columbus OH
Investment Highlights
- 2016 Build to Suit for Tire Discounters | Offering Tire Service and Repairs in Addition to Brakes, Oil Changes and Vehicle Maintenance | 7,851-Square Foot Building on an Approximate 1.25 Acre Parcel
- Store Includes Eight Service Bays With a Retail Showroom and Separate Waiting Area | Original 20-Year Absolute Net Lease with 11 Plus Years Remaining and No Landlord Responsibilities
- 4.25% Rental Increases Every 5 Years and in Each of Four, 5 Year Renewal Options | Corporately Guaranteed Lease | Outparcel to Menards Home Improvement Store in a Dense Retail Corridor
- Proximity to Multiple National Tenants Including Sam's Club, Petco, Dick's, Rural King, Olive Garden, TJ Maxx, ALDI, Dunham's, Wendy's, Anytime Fitness, Texas Roadhouse, Jersey Mike's and Many More
- High Visibility Along N Bridge Street/US-23 BUS With a Lighted Pylon Sign and Access to 24,400 Plus Vehicles Per Day
- Easy Access From All Traffic Directions With Dedicated Turn Lane and Two Points of Ingress and Egress | Just Off of US-23 and Corridor C (36,500 Vehicles per Day), Part of the The Appalachian Development Highway System (ADHS) Designed as Regional Routes for Improving Economic Development in the Region | Corridor C Runs South From Northern Columbus into West Virginia
- Steady Demographics: Daytime Population of 38,400 Plus within Five Miles | Chillicothe is the County Seat of Ross County and the Economic Hub of the Area | 40 Miles From Downtown Columbus
- Tire Discounters is an Ohio-based corporation, headquartered in Cincinnati, Ohio | 200 Locations Across Ohio, Kentucky, Indiana, Tennessee, Georgia, North Carolina, Virginia and Alabama
Exclusively Listed By
Financing By
Auto Parts
TIRE DISCOUNTERS | 11+ Yrs. | Abs. Net | Corporate Lease | Near Columbus OH
Listing Price: $3,432,000
Cap Rate
5.75%
Tenant Name
Tire Discounters
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
7,851
Lease Type
Absolute Net
Rent Per Square Feet
$25.14
Investment Highlights
- 2016 Build to Suit for Tire Discounters | Offering Tire Service and Repairs in Addition to Brakes, Oil Changes and Vehicle Maintenance | 7,851-Square Foot Building on an Approximate 1.25 Acre Parcel
- Store Includes Eight Service Bays With a Retail Showroom and Separate Waiting Area | Original 20-Year Absolute Net Lease with 11 Plus Years Remaining and No Landlord Responsibilities
- 4.25% Rental Increases Every 5 Years and in Each of Four, 5 Year Renewal Options | Corporately Guaranteed Lease | Outparcel to Menards Home Improvement Store in a Dense Retail Corridor
- Proximity to Multiple National Tenants Including Sam's Club, Petco, Dick's, Rural King, Olive Garden, TJ Maxx, ALDI, Dunham's, Wendy's, Anytime Fitness, Texas Roadhouse, Jersey Mike's and Many More
- High Visibility Along N Bridge Street/US-23 BUS With a Lighted Pylon Sign and Access to 24,400 Plus Vehicles Per Day
- Easy Access From All Traffic Directions With Dedicated Turn Lane and Two Points of Ingress and Egress | Just Off of US-23 and Corridor C (36,500 Vehicles per Day), Part of the The Appalachian Development Highway System (ADHS) Designed as Regional Routes for Improving Economic Development in the Region | Corridor C Runs South From Northern Columbus into West Virginia
- Steady Demographics: Daytime Population of 38,400 Plus within Five Miles | Chillicothe is the County Seat of Ross County and the Economic Hub of the Area | 40 Miles From Downtown Columbus
- Tire Discounters is an Ohio-based corporation, headquartered in Cincinnati, Ohio | 200 Locations Across Ohio, Kentucky, Indiana, Tennessee, Georgia, North Carolina, Virginia and Alabama
Investment Overview
Marcus & Millichap is pleased to present the offering for Tire Discounters in Chillicothe, Ohio.
Exclusively Listed By
Financing By
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