2040 E Harbor Rd - Freestanding FOR SALE


Port Clinton, OH 43452
$1,465,000 USD
404-441-3849
2040 E Harbor Rd, Port Clinton, OH for Sale
$1,465,000 USD
Freestanding - FOR SALE
1/8
null | 7% Cap Rate

2040 E Harbor Rd
Port Clinton, OH 43452


HIGHLIGHTS

  • Recently-Extended Net Lease with Renewal Options | $1.00 PSF Increase in Each of the Three, 5-Year Renwal Options
  • Long-Term Operating History of 18 Years
  • Excellent Access & Visibility | Along East Harbor Rd (15,201 VPD) | Less Than a Mile from OH-2 (12,945 VPD)
  • Strategic Location | Outparcel to a Kroger-Anchored Shopping Center | Additional Tenants Include: Kroger Fuel Center, SuperCuts & Peking House Chinese
  • Prime Location Across From Lake Erie | Surrounded by Popular Tourist Attractions
  • 40 Miles West of Toledo, OH | 76 Miles West of Cleveland, OH | Sandusky, OH MSA (MSA Population: 114,326)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 6,749-square-foot Advance Auto Parts situated on 1.02 acres in Port Clinton, Ohio — part of the Sandusky, OH MSA (MSA Population: 114,326). Originally set to expire in 2020, Advance Auto Parts’ net lease has been extended twice, demonstrating its commitment to the location. Most recently, the lease was extended early for an additional 9 years through 2034 and now features ±10.0 years of term remaining with a $1.00 PSF increase in each of the three 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,465,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

-

APN/PARCEL ID

020-0770410190002,020-1809909214001

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.