$759,000 USD
312-614-4521
6650 Hamilton Ave
Cincinnati, OH 45224
North College Hill
HIGHLIGHTS
- This deal is eligible for 100% bonus depreciation, allowing investors to accelerate tax benefits.
- The lease has a corporate guarantee by Valvoline LLC, the second-largest oil change service provider in the United States, with a $4.1 billion market.
- This Valvoline has a lower rent than other Valvolines, making it an accessible, lower price point offering.
- No landlord responsibilities.
- In 2027, there will be an increase in base rental income, raising the cap rate to 6.00%.
- There are ~6 years remaining on the lease with three five-year options to extend.
OVERVIEW
We are pleased to exclusively offer for sale the 1,200 SF Valvoline located at 6650 Hamilton Avenue in Cincinnati, Ohio. The property features a nationally recognized, service-oriented tenant with a long operating history and an Absolute Triple Net (NNN) Lease structure, providing truly passive, zero landlord-responsibility ownership. Additionally, the investment qualifies for 100% bonus depreciation, allowing investors to accelerate tax benefits.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
FOR SALE DETAILS
PRICE
$759,000 USD
PRICE/SF
$633 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Valvoline - Cincinnati, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Auto Repair, Storefront, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1991
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.67 AC
LAND SF
29,185 SF
ZONING
C
APN/PARCEL ID
595-0004-0313,595-0004-0314
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
312-614-4521
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
312-614-4521
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
