8040 Beechmont Ave Cincinnati, OH 45255-3144

Property Details for 8040 Beechmont Ave

Lot size

0.95 lot acres

Property type

Individual retail properties

APN

500-0121-0035-00

APU

5000121003500

Description

This exceptional investment opportunity presents a 4,500-square-foot, Class A Tide Cleaners storefront in Cincinnati, Ohio. Located at 8040 Beechmont Ave, this single-story building sits on a 0.95-acre lot and boasts a 15-year absolute NNN lease with a creditworthy franchisee tenant. Built in 2011, the property enjoys 100% occupancy and generates a strong NOI of $130,000, representing a 6.25% cap rate. The lease includes 5% rent bumps every five years and three 5-year renewal options, ensuring long-term, stable income. The property benefits from its prime location in Anderson Township, a high-income area with an average household income of $124,000, and is surrounded by major retailers such as Macy's, Kroger, Target, and The Home Depot. High traffic counts on Beechmont Ave (30,000+ vehicles per day) and proximity to I-275 (61,000+ vehicles per day) further enhance its visibility and accessibility. The surrounding area features significant multi-family housing, with over 11,000 units within a 5-mile radius and over 1,150 units within a 1-mile radius, experiencing a 4% year-over-year growth. This sale-leaseback transaction offers a secure, passive income stream with a prominent national brand tenant and significant upside potential. The asking price is $2,080,000, translating to a price per square foot of $462.22. This is a rare opportunity to acquire a high-performing retail asset with a long-term lease and strong tenant credit.