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Cincinnati Modern Condos !!! – US REALTY Co.

Cincinnati Modern Condos !!! - 120 S Grove Ave, Cincinnati, OH 45215, USA

Cincinnati Modern Condos !!!

120 S Grove Ave, Cincinnati, OH 45215, USA
$ 7,800,000.00
Cap Rate: 8.2 %
Status: UNDER CONTRACT

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

View on map / Neighborhood

Tenant Overview

  • Tenant: White Oak Station LLC

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