4035 Glenway Ave Cincinnati, OH 45205

Property Details for 4035 Glenway Ave

Year built

1958

Lot size

0.90 lot acres

Property size

16,886 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 16,886-square-foot retail property in Cincinnati, Ohio, currently housing a Caliber Collision center and an additional storage tenant. The property boasts a 100% occupancy rate, with Caliber Collision operating under a strong, corporately guaranteed Net Net Net (NNN) lease with significant remaining term and built-in rent increases. The lease includes two five-year renewal options, providing long-term income stability. The secondary tenant also holds a NNN lease, minimizing landlord responsibilities. Built in 1958 and renovated in 2020, the property sits on a 0.9-acre lot and comprises two buildings. Its prime location on a hard-signalized corner offers high visibility, enhanced by pylon and front signage. The property benefits from proximity to major retailers like Kroger, Walgreens, and McDonald's, as well as being near significant population centers and schools, ensuring a strong and growing customer base. The asking price is $1,200,000, representing a compelling $71.06 per square foot and a 6.96% cap rate. This property offers a rare combination of strong tenant occupancy, a desirable location, and a robust financial profile, making it an ideal addition to any investment portfolio. Caliber Collision is the largest collision repair company in America and this location is ranked #1 within a 30-mile radius and #4 in Ohio. The property is situated 4 miles from downtown Cincinnati and 2 miles from the Western Hills neighborhood, a major retail hub. The surrounding area boasts a population exceeding 273,200 within a 5-mile radius, with projected growth by 2027. The daytime population surpasses 380,500.

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Longitude

-84.5815

Latitude

39.1143