Auto Dealership

Harley Davidson

5316 Milan Rd, Sandusky, OH 44870

Listing Price: $5,200,000

Cap Rate
7.15%
Tenant Name
Harley Davidson
Gross SF
44,627
Guarantor
Franchisee Guarantee
Rentable SF
44,627
Price/Gross SF
$116.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.34

Investment Overview

Ohio Motorcycle Group opened Adventure Harley Davidson in Dover, Ohio in 2004 and now owns and operates four dealerships throughout Ohio in Cuyahoga Falls, Cleveland, Dover and Sandusky. Each location boasts a huge selection of both new & used bikes, as well as hundreds of options for customization, services, parts and more. The locations are around 40,000 SF with large parking fields for events and meetups. Ohio Motorcycle Group is a regionally operated dealership and family-owned group led by Mike and Franscene Davis. Mr. Davis is an active member of the Harley Davidson dealerships advisory board and leads an experienced five-person management team with the help of 14-year partner and Chief Financial Officer, Larry Browning. Currently, Ohio Motorcycle Group has about 250 employees throughout their four dealerships. They have won over 20 Bar & Shield Awards at various locations recognizing the highest achieving dealerships. Mr. Davis is a former airline executive in which he had indirect supervision of approximately 600 employees. He also has a construction background. Mad River Harley Davidson is host to the annual Ohio Bike Week which is celebrating its 20th year Anniversary. Ohio Bike Week is the largest motorcycle rally in the Midwest and draws tens of thousands of riders and enthusiasts to Sandusky, Ohio for a week of entertainment and events.

Investment Highlights

  • BRAND NEW 15 YEAR NNN LEASE AT CLOSING
  • ESTABLISHED OPERATOR WITH STRONG SALES
  • OVER 18,000 WITH AVERAGE HOUSEHOLD INCOME OVER $107,000 IN 3-MILE RADIUS

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Listing Price: $5,200,000

Cap Rate
7.15%
Tenant Name
Harley Davidson
Gross SF
44,627
Guarantor
Franchisee Guarantee
Rentable SF
44,627
Price/Gross SF
$116.52
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.34

Investment Highlights

  • BRAND NEW 15 YEAR NNN LEASE AT CLOSING
  • ESTABLISHED OPERATOR WITH STRONG SALES
  • OVER 18,000 WITH AVERAGE HOUSEHOLD INCOME OVER $107,000 IN 3-MILE RADIUS

Investment Overview

Ohio Motorcycle Group opened Adventure Harley Davidson in Dover, Ohio in 2004 and now owns and operates four dealerships throughout Ohio in Cuyahoga Falls, Cleveland, Dover and Sandusky. Each location boasts a huge selection of both new & used bikes, as well as hundreds of options for customization, services, parts and more. The locations are around 40,000 SF with large parking fields for events and meetups. Ohio Motorcycle Group is a regionally operated dealership and family-owned group led by Mike and Franscene Davis. Mr. Davis is an active member of the Harley Davidson dealerships advisory board and leads an experienced five-person management team with the help of 14-year partner and Chief Financial Officer, Larry Browning. Currently, Ohio Motorcycle Group has about 250 employees throughout their four dealerships. They have won over 20 Bar & Shield Awards at various locations recognizing the highest achieving dealerships. Mr. Davis is a former airline executive in which he had indirect supervision of approximately 600 employees. He also has a construction background. Mad River Harley Davidson is host to the annual Ohio Bike Week which is celebrating its 20th year Anniversary. Ohio Bike Week is the largest motorcycle rally in the Midwest and draws tens of thousands of riders and enthusiasts to Sandusky, Ohio for a week of entertainment and events.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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