Details
Asking Price: $ 7,800,000.00- Property Type: Student Housing
- Year built: 1997
- Square Footage: 14000 sq ft
- Occupancy (%): 68
- Parking (spaces): 66
- Lease Type: NNN
- Lease Term (Years): 6
- Cap Rate (%): 8.2
- Renewal Options: 3 x 5yrs
- Rental Increases: At Options
Marketing Description
USRealty Co is pleased to present this trophy asset modern condos located in Cincinnati, Ohio.
- 100% Occupied – BJ’s Wholesale Club, PETCO and My Salon Suite
- Absolute NNN Lease for BJ’s Wholesale Club
- Minimal Landlord Responsibilities for PETCO and My Salon Suite (Roof & Structure)
- Long Term Leases: BJ’s (17+ Years), PETCO (10+ Years), My Salon Suite (8+ Years)
- Outstanding Visibility Within the Heart of Charlotte
- Within Walking Distance of 7,700+ Multi-Family Units (95.3% Average Occupancy)
- Over 1.43 Million SF of Office Space Within 1-Mile (99.4% Average Occupancy)
- Located in the Same Building as One of Target’s Highest Performing Stores
- Property Features a Connected Five-Story Structured Parking Garage in a Dense Urban Area Where Parking is Extremely Limited
- Corporate Guarantee from BJ’s Wholesale Club – Over 200 Location on the East Coast. Total Revenues in Excess of $12 Billion as of FY 2015
- Corporate Guarantee from PETCO – Over 1,500 Locations Covering All 50 States, Puerto Rico and Mexico
- Property Adjacent to a Chipotle, Best Buy, Mattress Firm, The Vitamin Shoppe, Marshalls, Wendy’s and Bank of America
In Cooperation with White Oak Station, LLC
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USRealty Co, specializing in absolute triple net lease opportunities
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Tenant Overview
- Tenant: White Oak Station LLC
