9024 Colerain AveCincinnati, OH 45251
NNN Ground Lease, High-Growth Area
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Brand new 15-year NNN ground lease with four, five-year renewal options, each with a 10% rent increase.
- Zero landlord responsibilities; tenant (Valvoline) handles all property taxes, insurance, and maintenance.
- Corporate guarantee from Valvoline Inc. (NYSE: VVV), a leading automotive service company.
- High-traffic location on Colerain Ave., a primary retail corridor in Northern Cincinnati, with 45,939 ADT.
- 10% rent increases every five years, providing inflation protection and enhanced returns.
- Strong demographics: Average household income exceeding $93,400 within a one-mile radius, with nearly 5,000 housing units.
Property Details for 9024 Colerain Ave
- Property type
- Retail properties, Auto shops
- Square Feet
- 2,089 SF
- Year Built
- 2024
- Buildings
- 1
- Lot Size (sq. ft)
- 35,719 SF
- Units
- 1
Location Insight
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Latitude
- 39.235547647434
- Longitude
- -84.59181293564
Nearby Similar for Sale
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