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Details: Retail

Asking Price: $6,741,000

Square Feet: 22,460 SF

Asking Cap Rate: 6.00%

Year Built: 2023

NOI: $404,503

Northern Tool + Equipment

2275 Crowne Point Dr, Sharonville, Ohio

  • Modified triple net lease (Minimal Landlord Responsibilities)
  • Brand New, 12-Year, Lease (2023 construction) with 2 (5-year) options to extend
  • Annual 2% rent escalations, providing Inflation Protection
  • Lease is Corporately Guaranteed by Northern Tool and Equipment Company
  • Excellent Trade Area surrounded by retail, office, hospitality, and areas two largest employers GE Aviation and Ford Motor Company
  • Centrally Located on I-75 to serve Northern Cincinnati and surrounding suburbs
  • 2023 Population
    • 3 Mile – 41,387
    • 5 Mile – 155,873
  • Excellent visibility from I-75 with Traffic Counts of 121,690 VPD
  • Access to Signalized Intersection of Sharon Road and Crowne Point Drive

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