8160 Broad St, Reynoldsburg, OH 43004
- Retail properties & Spaces
- 7,298 SF
- 1.77 lot acres
Current Use by Public Records
- NTB-National Tire & Battery / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 8160 Broad St
- Lot size
- 1.77 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 7,298 square foot auto shop, operating as an NTB (National Tire & Battery) location, situated on a 1.774-acre lot at 8160 E Broad St, Blacklick, OH 43004. The property boasts a 25-year triple-net (NNN) lease with a corporate guarantee from TBC Corporation and Sumitomo of America, providing significant financial security. With 13.5 years remaining on the current lease term, this investment offers substantial long-term stability. The asking price is $3,780,000, representing a compelling $517.95 per square foot and a 5.25% cap rate based on a current Net Operating Income (NOI) of $198,450. The property benefits from a prime location within a dense retail corridor, surrounded by major national retailers such as Target, Meijer, Lowe's, Aldi's, Sheetz, T.J. Maxx, Starbucks, Panda Express, Burger King, Chase Bank, and PNC Bank. The strong demographics of the area, including a population exceeding 138,490 within a 5-mile radius and an average household income of $90,516 within the same radius, further enhance the investment's attractiveness. The lease includes 3-5 year renewal options, ensuring continued income generation well into the future. This is a rare opportunity to acquire a high-performing, well-located, and financially secure net lease property with a strong corporate tenant.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reynoldsburg
- County
- Franklin
- State
- Ohio
- Longitude
- -82.783
- Latitude
- 39.987
