For Sale
$3,780,000

8160 Broad St Reynoldsburg, OH 43004

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
134
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.

Property Details for 8160 Broad St

Property type
Retail properties, Auto shops
Square Feet
7,298 SF
Lot Size (sq. ft)
77,275 SF

Location Insight

City
Reynoldsburg
County
Franklin
State
Ohio
Latitude
39.986960153049
Longitude
-82.783022326133

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
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.
How can I contact the broker?
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8160 Broad St
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