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AAA - Absolute NNN Corporate Lease

3663 Stone Creek Blvd, Cincinnati, OH 45251

Listing Price: $2,523,000

Cap Rate
6.25%
Tenant Name
AAA
Years Remaining On Lease
8.2
Gross SF
6,890
Guarantor
Corporate Guarantee
Rentable SF
6,890
Price/Gross SF
$366.18
Lease Type
Absolute Net
Rent Per Square Feet
$22.89

Investment Overview

AAA offers a wide array of automotive, travel, insurance and financial services. In North America, AAA is a not-for-profit, fully tax-paying federation of 44 motor clubs with more than 1,100 offices, serving more than 65 million Members throughout the United States (35 clubs) and Canada (nine clubs).

The Cincinnati metro is a 15-county region located within portions of Ohio, Kentucky, and Indiana that maintains a population of 2.2 million. Over the next few years, the metro is expected to add nearly 20,000 new residents, resulting in the formation of 13,000 households.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Over Eight Years Remaining
  • Annual Rental Increases with Multiple Renewal Options
  • Densely-Populated Cincinnati Trade Area with 146,010 Residents within a Five-Mile Radius
  • Situated within Stone Creek Towne Center, Anchored by Meijer and JCPenney
  • Easy Freeway Access Immediately Off Interstate 275 (Approximately 75,370 Cars per Day), a Significant Connector for the Cincinnati MSA
  • High Traffic Location Along Colerain Avenue (Approximately 33,500 Cars per Day) Providing a Direct Connection South to Downtown Cincinnati

Exclusively Listed By

Financing By

Auto Parts

AAA - Absolute NNN Corporate Lease

Listing Price: $2,523,000

Cap Rate
6.25%
Tenant Name
AAA
Years Remaining On Lease
8.2
Gross SF
6,890
Guarantor
Corporate Guarantee
Rentable SF
6,890
Price/Gross SF
$366.18
Lease Type
Absolute Net
Rent Per Square Feet
$22.89

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Over Eight Years Remaining
  • Annual Rental Increases with Multiple Renewal Options
  • Densely-Populated Cincinnati Trade Area with 146,010 Residents within a Five-Mile Radius
  • Situated within Stone Creek Towne Center, Anchored by Meijer and JCPenney
  • Easy Freeway Access Immediately Off Interstate 275 (Approximately 75,370 Cars per Day), a Significant Connector for the Cincinnati MSA
  • High Traffic Location Along Colerain Avenue (Approximately 33,500 Cars per Day) Providing a Direct Connection South to Downtown Cincinnati

Investment Overview

AAA offers a wide array of automotive, travel, insurance and financial services. In North America, AAA is a not-for-profit, fully tax-paying federation of 44 motor clubs with more than 1,100 offices, serving more than 65 million Members throughout the United States (35 clubs) and Canada (nine clubs). The Cincinnati metro is a 15-county region located within portions of Ohio, Kentucky, and Indiana that maintains a population of 2.2 million. Over the next few years, the metro is expected to add nearly 20,000 new residents, resulting in the formation of 13,000 households.

Exclusively Listed By

Financing By

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