For Sale
$2,080,000

8100 Mason Montgomery RdMason, OH 45040

Mason, OH: 15-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a 4,574 square foot, Class A Tide Cleaners storefront in Mason, Ohio, is available for sale. This single-tenant, absolute NNN lease boasts a 15-year term with 5% rent increases every five years and three 5-year renewal options. The property, built in 2010, sits on a 1.27-acre lot and enjoys a 6.25% cap rate with a current NOI of $130,000. Located at 8100 Mason Montgomery Rd (30,000+ vehicles per day), this prime retail location is easily accessible and surrounded by major retailers including Walmart, Kroger, Dick's Sporting Goods, Lowe's, and Life Time, within a one-mile radius. The tenant, a franchisee of the nationally recognized Tide Cleaners brand, is part of a large and successful franchise group with a proven track record. The property benefits from a high-income demographic, with an average household income of $192,000 within a one-mile radius and over 69,321 residents within a three-mile radius, including over 6,100 multifamily units. This sale-leaseback offers a secure, long-term investment with a creditworthy tenant and significant upside potential. The asking price is $2,080,000, representing a price per square foot of $454.74. The property's strong location, established tenant, and favorable lease terms make it an attractive investment for discerning buyers.

Property Details for 8100 Mason Montgomery Rd

Property type
Retail properties, Retail space
Square Feet
4,574 SF
Class
A
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
55,321 SF

Location Insight

City
Mason
County
Warren
State
Ohio
Latitude
39.32088964282
Longitude
-84.312706078618
8100 Mason Montgomery Rd, Mason, Ohio

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8100 Mason Montgomery Rd
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