3405 Werk Rd - Freestanding FOR SALE
Cincinnati, OH 45211 |
3405 Werk Rd
Cincinnati, OH 45211
HIGHLIGHTS
- HIGH-YIELDING INVESTMENT – The property is being offered at a Year-1 in-place cap rate of 9.75%.
- LONG-TERM LEASE – There are over 8 years remaining on the base term of the lease, providing stability and security for investors.
- ABSOLUTE NNN LEASE – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- ATTRACTIVE RENTAL INCREASE – 2.5% Annual rental increases, providing investors with a hedge against inflation.
- STRONG CANNABIS MARKET – Ohio stands out as one of the most attractive cannabis markets in the nation.
- MULTI-STATE OPERATOR – The tenant, Nectar, is a multi-state cannabis operator with +43 retail stores across 3 different states.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
NECTAR
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
4598
STORIES
2
YEAR BUILT
1941
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
212-0061-0061,212-0061-0062
