Skip to main content

Bank

PLS Check Cashiers

5100 Glenway Ave, Cincinnati, OH 45238

Listing Price: $2,900,000

Cap Rate
5.38%
Tenant Name
PLS Check Cashing
Years Remaining On Lease
5.3
Gross SF
6,940
Guarantor
Corporate Guarantee
Rentable SF
6,940
Price/Gross SF
$417.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.48

Investment Overview

This single-tenant NNN asset is leased to PLS Financial Services, a national operator with 200+ locations. The 6,940 SF building was built-to-suit in 2016 and sits on 0.93 acres across three parcels. The lease includes 10% rent increases every five years through 2046 with no landlord obligations. Located on Glenway Avenue in Cincinnati, the site sees over 24,000 vehicles per day. Priced at $2,900,000, the offering reflects a 5.92% cap rate based on the scheduled June 2026 rent of $171,600.

Investment Highlights

  • Corporate-guaranteed NNN lease with no landlord responsibilities and 10% rent increases every 5 years through 2046.
  • Built-to-suit for PLS Financial in 2016 with long-term occupancy and a strong rent payment history.
  • Located on Glenway Ave with 24,617 vehicles per day; surrounded by Target, Lowe's, Walgreens, and Big Lots.
  • 0.93-acre assemblage with two additional parking parcels included in sale
  • Backed by PLS Financial Services – 200+ location operator with $250M+ annual revenue.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Bank

PLS Check Cashiers

Listing Price: $2,900,000

Cap Rate
5.38%
Tenant Name
PLS Check Cashing
Years Remaining On Lease
5.3
Gross SF
6,940
Guarantor
Corporate Guarantee
Rentable SF
6,940
Price/Gross SF
$417.87
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.48

Investment Highlights

  • Corporate-guaranteed NNN lease with no landlord responsibilities and 10% rent increases every 5 years through 2046.
  • Built-to-suit for PLS Financial in 2016 with long-term occupancy and a strong rent payment history.
  • Located on Glenway Ave with 24,617 vehicles per day; surrounded by Target, Lowe's, Walgreens, and Big Lots.
  • 0.93-acre assemblage with two additional parking parcels included in sale
  • Backed by PLS Financial Services – 200+ location operator with $250M+ annual revenue.

Investment Overview

This single-tenant NNN asset is leased to PLS Financial Services, a national operator with 200+ locations. The 6,940 SF building was built-to-suit in 2016 and sits on 0.93 acres across three parcels. The lease includes 10% rent increases every five years through 2046 with no landlord obligations. Located on Glenway Avenue in Cincinnati, the site sees over 24,000 vehicles per day. Priced at $2,900,000, the offering reflects a 5.92% cap rate based on the scheduled June 2026 rent of $171,600.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

MM Texture Background
MM Textured Background Lower