AAA Auto Shop with Absolute NNN
For Sale
$2,523,000
3663 Stone Creek Blvd, Cincinnati, OH 45251
Automotive property offered with an absolute NNN lease structure and an established AAA occupant.
Property Size6,890 SF
Price / SF$366.18
Days on Market49
Property Features for 3663 Stone Creek Blvd
General Information
Standard status
Active
Size
6,890 SF
Property subtype
Auto Parts
Lease Type
Absolute Net
Additional Details
Cap Rate
6.25%
Amenities
Absolute Triple-Net (NNN) Corporate Lease with Over Eight Years Remaining
Annual Rental Increases with Multiple Renewal Options
Densely-Populated Cincinnati Trade Area with 146,010 Residents within a Five-Mile Radius
Situated within Stone Creek Towne Center, Anchored by Meijer and JCPenney
Easy Freeway Access Immediately Off Interstate 275 (Approximately 75,370 Cars per Day), a Significant Connector for the Cincinnati MSA
High Traffic Location Along Colerain Avenue (Approximately 33,500 Cars per Day) Providing a Direct Connection South to Downtown Cincinnati
Building Details
Building Size
6,890 SF
Abandoned
No
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Mark Ruble · License #License(s): AZ: SA550593000, NV: S.0192964
(602) 687-6766
Source:
Marcusmillichap
Added: Aug 19
Changed: Sep 21
Last Checked: Oct 5 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
This 6,890-square-foot automotive property is occupied by AAA under an absolute NNN corporate lease. AAA provides automotive, travel, insurance, and financial services through its motor club network.
The property is located at 3663 Stone Creek Blvd in Cincinnati, Ohio. The surrounding Cincinnati metropolitan area spans portions of Ohio, Kentucky, and Indiana and has a population of 2.2 million.
The property is located at 3663 Stone Creek Blvd in Cincinnati, Ohio. The surrounding Cincinnati metropolitan area spans portions of Ohio, Kentucky, and Indiana and has a population of 2.2 million.
Key Highlights
- 6,890‑square‑foot automotive property
- Absolute NNN corporate lease structure
- Occupied by AAA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,435
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,588,700
$1.6M
Cap Rate 7%
$1,134,786
$1.1M
Cap Rate 9%
$882,611
$882.6K
Market Conditions
NOI Build-Up for 6,890 SF
Gross rent
$124.0K $18.00/SF
− Vacancy
−$10.5K −$1.53/SF
EGI
$113.5K $16.47/SF
− OpEx
−$34.0K −$4.94/SF
NOI
$79.4K $11.53/SF
Area
Cincinnati, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,588,700
Cap Rate 7%
$1,134,786
Cap Rate 9%
$882,611
Alternative Uses
Best Use
Retail
$1.13M
$992.9K – $1.32M
NOI $79,435 @ 7.0% cap · market cap 3.15%
Second Best
Industrial
$481.9K
$421.6K – $562.2K
NOI $33,730 @ 7.0% cap · market cap 1.34%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,874 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45251, OH
22,073
Population
8,592
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
91%
High-School Grad
11.9 sq mi
ZIP Area
1,855
Density / Sq Mi
$75,620
Median Household Income
$42,179
Median Earnings
$1,193
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cincinnati, OH
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Similar Off Market Nearby
- Engel's Auto Towing & Recovery — 4724 Springdale Rd, Cincinnati, OH 45251
- Xpress Pro Tire & Auto — 9326 Colerain Ave, Cincinnati, OH 45251
- Good Year — flat top dr, cincinnati, oh 45251
- Northgate Tire — 3712 Springdale Rd, Cincinnati, OH 45251
- Brakes 4 Less — 9820 Colerain Ave, Cincinnati, OH 45251
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property offered with an absolute NNN lease structure and an established AAA occupant.
Where is this auto shop located?
The property is located at 3663 Stone Creek Blvd Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,523,000.
What are key features of this property?
This property features: 6,890‑square‑foot automotive property; Absolute NNN corporate lease structure; Occupied by AAA
