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Auto Parts

Rim Tyme

3810 E Main St, Whitehall, OH 43213

Listing Price: $888,083

Cap Rate
7.25%
Tenant Name
Rim Tyme
Years Remaining On Lease
9.4
Guarantor
No Guarantee
Rentable SF
6,300
Lease Type
Double Net
Rent Per Square Feet
$10.37

Investment Overview

Marcus & Millichap is pleased to present RimTyme Custom Wheels and Tires, a 6,300 square foot free standing retail property in east suburban Columbus which is Ohio's most populated metropolitan area. This single tenant offering is under a new 10 Year Double Net (NN) lease with two five year renewal options and 10% rent increases every five years. RimTyme is one of the fastest growing custom wheel and tire franchises in the United States and part of the world's largest rent-to-own company, Rent-A-Center. The property is located in Whitehall Ohio just west of Interstate 270 bypass, east of downtown Columbus and 5 miles from John Glenn Columbus International Airport. Situated at a signalized intersection on a primary retail corridor, RimTyme of Columbus has visibility to over 20,000 vehicles per day. The area reflects excellent demographics with a 5-Mile population of over 265,000 and average annual household incomes exceeding $62,000. The local area has experienced household formation growth of 10.4% since 2010. Commercial property fundamentals are sound with CoStar reporting vacancy and market rents for retail properties in a 1-Mile radius of 3.7% and $14.21/SF respectively.

Investment Highlights

  • 10-Year NN Lease with Minimal Landlord Responsibilities
  • 10% Rent Increases Every 5 Years and Two 5-Year Renewal Options
  • Signalized Intersection on Retail Corridor with 20,000 AADT

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $888,083

Cap Rate
7.25%
Tenant Name
Rim Tyme
Years Remaining On Lease
9.4
Guarantor
No Guarantee
Rentable SF
6,300
Lease Type
Double Net
Rent Per Square Feet
$10.37

Investment Highlights

  • 10-Year NN Lease with Minimal Landlord Responsibilities
  • 10% Rent Increases Every 5 Years and Two 5-Year Renewal Options
  • Signalized Intersection on Retail Corridor with 20,000 AADT

Investment Overview

Marcus & Millichap is pleased to present RimTyme Custom Wheels and Tires, a 6,300 square foot free standing retail property in east suburban Columbus which is Ohio's most populated metropolitan area. This single tenant offering is under a new 10 Year Double Net (NN) lease with two five year renewal options and 10% rent increases every five years. RimTyme is one of the fastest growing custom wheel and tire franchises in the United States and part of the world's largest rent-to-own company, Rent-A-Center. The property is located in Whitehall Ohio just west of Interstate 270 bypass, east of downtown Columbus and 5 miles from John Glenn Columbus International Airport. Situated at a signalized intersection on a primary retail corridor, RimTyme of Columbus has visibility to over 20,000 vehicles per day. The area reflects excellent demographics with a 5-Mile population of over 265,000 and average annual household incomes exceeding $62,000. The local area has experienced household formation growth of 10.4% since 2010. Commercial property fundamentals are sound with CoStar reporting vacancy and market rents for retail properties in a 1-Mile radius of 3.7% and $14.21/SF respectively.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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