NTB
$4,459,550.56
| Address | 8160 E Broad St, Reynoldsburg, OH |
|---|---|
| Tenant | National Tire and Battery |
| Lease Term | 14.5 Years |
| Cap Rate | 4.45% |
| NOI | $198,450.00 |
| Options | 3 – 5 Year Options |
Description
Triple Net Investment Group is pleased to present an opportunity to purchase a NNN NTB Property for sale on 8160 E Broad St, Reynoldsburg, OH. The tenant NTB initially
signed a 25 year NNN lease which commenced on April 2013, leaving over 14.5 years remaining on the lease. The NTB property is situated on 1.77+ Acres of
land and has a building size of 7,298+ Sq ft.
• Long term lease—14.5 Years remaining
• Corporately Guaranteed Lease—U.S. parent company guaran-tee from
TBC Corporation plus a guarantee from Sumitomo of America, the parent
of TBC Corporation.
• Absolute NNN Lease
• Strong Demographics with 138,490+ population in a 5 mile radius, and a
$93,164 Average Household Income in a 3 mile radius
• 3 – 5 Year Renewals Options
• Dense Retail Corridor, nearby tenants include Target, Meijer, Lowe’s,
Aldi’s, Sheetz, T. J. Maxx, Starbucks, Panda Express , Burger King, Chase
Bank, PNC Bank, and many more
• Rent Increase- Every 5 years succeeding rents every 5th year and during
all renewals will be based on the CPI index not to exceed 12% every 5th
year cycle.
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