loader
Join Free
Views: 26 DOM: 7 Updated: 11.04.24 Posted: 11.01.24 Status: Active

Summary

Price $4,000,000
Built/Renov 2001
Tenant Majestic Trailer & Hitch
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 9,904
Lease Start 09-17-2024
#Units 2
Price/SF $403.88
Expiration 10-01-2034
Tenant Type Industrial
NOI $300,000
R. Term 9.10
Ownership Fee Simple
Rent/SF $30.29
Increases 2.0%/1/yrs
Pop 5Mi 148,664
Lot/AC 6.20
Options 2/5yrs/2%
AHHI 5Mi $64,700

Lease Highlights

  • New 10-year lease with 2 (5-year) renewal options
  • 2% annual rental increases
  • Absolute NNN lease | Zero landlord responsibilities
  • Tenant historically has $7-8MM top line revenue per year
  • Strong personal guaranty with over $8.5MM net worth

Location Description

Majestic Trailer & Hitch is strategically located on E Waterloo Road and Massillon Road with access to a high daily traffic count of 49,520 vehicles. The property is conveniently situated less than one mile from Interstate 77, which sees 116,793 VPD. It is also situated within three miles of Arlington Plaza, a shopping center featuring national tenants such as Save A Lot, Western Union, Metro...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Majestic Trailer & Hitch, founded in 1979, is a privately owned company specializing in the sale and service of trailers and related accessories. With over 30 years of local ownership and...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity