This exceptional investment opportunity presents a 7,298 square foot auto shop, operating as an NTB (National Tire & Battery) location, situated on a 1.774-acre lot at 8160 E Broad St, Blacklick, OH 43004. The property boasts a 25-year triple-net (NNN) lease with a corporate guarantee from TBC Corporation and Sumitomo of America, providing significant financial security. With 13.5 years remaining on the current lease term, this investment offers substantial long-term stability. The asking price is $3,780,000, representing a compelling $517.95 per square foot and a 5.25% cap rate based on a current Net Operating Income (NOI) of $198,450. The property benefits from a prime location within a dense retail corridor, surrounded by major national retailers such as Target, Meijer, Lowe's, Aldi's, Sheetz, T.J. Maxx, Starbucks, Panda Express, Burger King, Chase Bank, and PNC Bank. The strong demographics of the area, including a population exceeding 138,490 within a 5-mile radius and an average household income of $90,516 within the same radius, further enhance the investment's attractiveness. The lease includes 3-5 year renewal options, ensuring continued income generation well into the future. This is a rare opportunity to acquire a high-performing, well-located, and financially secure net lease property with a strong corporate tenant.
Highlights
7,298 SF NTB (National Tire & Battery) auto shop on a 1.77-acre lot in Blacklick, OH.
25-year NNN lease with corporate guarantee from TBC Corporation and Sumitomo of America; 13.5 years remaining.
Absolute NNN lease.
Strong demographics: 138,490+ population within a 5-mile radius and $90,516 average household income within a 5-mile radius.
3-5 year renewal options.
Prime retail location near Target, Meijer, Lowe's, Aldi's, Sheetz, T.J. Maxx, Starbucks, Panda Express, Burger King, Chase Bank, and PNC Bank.
The property is located at 8160 Broad St Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: 7,298 SF NTB (National Tire & Battery) auto shop on a 1.77-acre lot in Blacklick, OH.; 25-year NNN lease with corporate guarantee from TBC Corporation and Sumitomo of America; 13.5 years remaining.; Absolute NNN lease.
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Contacts
Robert Gamzeh
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Broad St Reynoldsburg, OH 43004
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Broad St Reynoldsburg, OH 43004
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8160 Broad St
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