National Tire & Battery
2385 Silver Drive
Columbus, Ohio
Property Details
available
Lease Term
18 Years
Net Operating Income
Year Built
Lot Size
1.0
Building Size
6,672
SQ FT
Lease Structure
Investment Details
View the Property Video at the End of the Page
• Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive incoming producing assets with zero landlord responsibilities.
• Newly Constructed Long-Term Lease - Tenant recently committed to an early 15-year lease extension bringing the total remaining term to 18 years of guaranteed operational cash flow.
• Superior Location - Located within walking distance of The Ohio State University: Home to the Buckeyes with a total enrollment of roughly 70,000 students giving way to a strong customer base.
• Healthy Traffic Counts & Strong Access - Property is ideally out parceled next to the areas two major retailers – An ALDI grocer and Lowe’s Home Improvement located along E Hudson St. & Silver Dr. that sees roughly 20,000 VPD.
• Proven Parent Company Growth - Just last year, Mavis Tire & Supply Co. finalized their purchase of roughly 600 TBC Corp-owned retail tire stores bringing their total store count to more than 2,300 service centers across 39 states making them the largest independent tire retail dealership in the US.
Asking Price
2,300,000
cap rate
5.75
%