For Sale
$1,200,000

4035 Glenway Ave Cincinnati, OH 45205

High-yield, multi-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 16,886-square-foot retail property in Cincinnati, Ohio, currently housing a Caliber Collision center and an additional storage tenant. The property boasts a 100% occupancy rate, with Caliber Collision operating under a strong, corporately guaranteed Net Net Net (NNN) lease with significant remaining term and built-in rent increases. The lease includes two five-year renewal options, providing long-term income stability. The secondary tenant also holds a NNN lease, minimizing landlord responsibilities. Built in 1958 and renovated in 2020, the property sits on a 0.9-acre lot and comprises two buildings. Its prime location on a hard-signalized corner offers high visibility, enhanced by pylon and front signage. The property benefits from proximity to major retailers like Kroger, Walgreens, and McDonald's, as well as being near significant population centers and schools, ensuring a strong and growing customer base. The asking price is $1,200,000, representing a compelling $71.06 per square foot and a 6.96% cap rate. This property offers a rare combination of strong tenant occupancy, a desirable location, and a robust financial profile, making it an ideal addition to any investment portfolio. Caliber Collision is the largest collision repair company in America and this location is ranked #1 within a 30-mile radius and #4 in Ohio. The property is situated 4 miles from downtown Cincinnati and 2 miles from the Western Hills neighborhood, a major retail hub. The surrounding area boasts a population exceeding 273,200 within a 5-mile radius, with projected growth by 2027. The daytime population surpasses 380,500.

Highlights

  • 16,886 SF retail property in Cincinnati, OH, with a Caliber Collision center and a storage tenant, both under NNN leases.
  • Caliber Collision, the largest collision repair company in America, has a corporately guaranteed NNN lease with 6+ years remaining, including two 5-year renewal options with built-in rent increases.
  • The storage tenant has a 5-year NNN lease, minimizing landlord responsibilities.
  • High-visibility corner location with pylon and front signage, near Kroger, Walgreens, and McDonald's.
  • Strong demographics: over 273,200 residents within a 5-mile radius, projected growth by 2027, and a daytime population exceeding 380,500.

Property Details for 4035 Glenway Ave

Property type
Retail properties, Auto shops
Square Feet
16,886 SF
Year Built
1958
Buildings
2
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.11425618
Longitude
-84.58150409
4035 Glenway Ave, Cincinnati, Ohio

FAQs

What type of property is this?
Retail property - High-yield, multi-tenant retail property.
Where is the retail property located?
The property is located at 4035 Glenway Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 16,886 SF retail property in Cincinnati, OH, with a Caliber Collision center and a storage tenant, both under NNN leases.; Caliber Collision, the largest collision repair company in America, has a corporately guaranteed NNN lease with 6+ years remaining, including two 5-year renewal options with built-in rent increases.; The storage tenant has a 5-year NNN lease, minimizing landlord responsibilities.
How can I contact the broker?
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4035 Glenway Ave
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