For Sale
$1,370,000

10106 Harrison AveHarrison, OH 45030

Caliber & Enterprise Net Lease Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 13,482-square-foot retail building in Harrison, Ohio, currently 100% occupied by Caliber Collision and Enterprise Rent-A-Car. The property sits on a 1.13-acre lot and boasts a strong 6.50% cap rate. The building, constructed in 1999, features two tenants under a net lease structure with corporate guarantees. Caliber Collision holds a lease with over four years remaining, including two five-year renewal options with 5% rental increases each. Enterprise Rent-A-Car's lease has three years remaining, with a three-year renewal option and a 10% rental increase. The property enjoys high visibility from Interstate 74, with over 40,000 vehicles passing daily, and benefits from additional exposure on Harrison Avenue, seeing over 9,500 vehicles daily. Lighted pylon signage ensures excellent tenant branding. The location is strategically positioned near major retailers including Kroger, Shell, CVS, and more, serving a strong demographic with average household incomes exceeding $90,000 within a five-mile radius. The property is adjacent to the Harrison Commerce Center, a thriving 70-acre development. This is a rare opportunity to acquire a well-located, stable, and high-performing net lease investment with minimal landlord responsibilities. The asking price is $1,370,000, translating to $101.62 per square foot of land value. The landlord is only responsible for the structure, exterior, roof, foundation, and slabs.

Highlights

  • Low-maintenance ownership: Landlord responsible only for building structure, exterior, roof, foundation, and slabs; tenant responsibilities handled by Caliber.
  • Two strong national tenants: Caliber Collision and Enterprise Rent-A-Car in a 13,482 SF building on a 1.13-acre lot.
  • Caliber Collision: 4+ years remaining on a Net Net lease with two 5-year renewal options at 5% increases each.
  • Enterprise Rent-A-Car: 3 years remaining with a 3-year renewal option at a 10% rental increase.
  • Corporate guarantees: Caliber Collision, the nation's largest collision repair company, provides corporate lease guarantees.
  • High visibility I-74 location: 0.4 miles from I-74 Exit 3, exceeding 40,000 VPD, with prominent Interstate signage.

Property Details for 10106 Harrison Ave

Property type
Retail properties, Retail space
Square Feet
13,482 SF
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
49,223 SF
Units
2

Location Insight

City
Harrison
County
Hamilton
State
Ohio
Latitude
39.242659294147
Longitude
-84.777190028399
10106 Harrison Ave, Harrison, Ohio

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10106 Harrison Ave
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