Tim Hortons

3010 Kettering Boulevard, Moraine, OH 45439

$1,150,000

Cap Rate 6.14%

Views: 136 DOM: 357 Updated: 12.13.24 Posted: 12.31.23 Status: Active

Summary

Price $1,150,000	Built/Renov 2016	Tenant Tim Hortons
Cap Rate 6.14%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,566	Lease Start 01-01-2017	#Units 130
Price/SF $734.36	Expiration 12-31-2036	Tenant Type Fast Food/QSR
NOI $70,607	R. Term 12.0	Ownership Fee Simple
Rent/SF $45.09	Increases 2.0%/1/yrs	Pop 5Mi 208,858
Lot/AC 0.56	Options 2/5yrs/2%	AHHI 5Mi $69,706

Jesse Limon

Marcus & Millichap

Contact

Lease Highlights

Tim Hortons has 12+ years remaining on the current lease term with 2 (5-year) options to extend
Lease features 2% annual rental increases throughout the initial term and each option
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Next Level Restaurant Brands (130 units backed)

Location Description

Tim Hortons is strategically located on Kettering Blvd, with access to 12,686 vehicles passing by daily. The property’s prime location is further enhanced by its proximity to Dixie Dr (13,895 VPD), and Dorothy Lane (16,880 VPD). Notable national retailers in the vicinity include McDonald’s, Taco Bell, Arby’s, Wendy’s, Chipotle, Walmart, Dollar General, Midas, and more. The surrounding area...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Annual rent increases
100+ unit franchisee backed
Personal guarantee

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Links

Tim Hortons Wikipedia Tim Hortons Wikipedia Moraine, Ohio Zip Code 45439 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tim Hortons
Guarantor:Franchisee
Company:Next Level Restaurant Brands
# Units:130
Stock: Private

About Tenant

Tim Hortons, Inc., commonly known as Tim’s or Timmies, is a Canadian multinational fast food restaurant chain. Their restaurants serve coffee, doughnuts, and other fast food items, and is Canada’s...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,221	65,611	203,998
2023 Total Population :	5,243	65,857	205,924
2023 Employed Civilian Pop :	2,656	32,016	94,683
2023 Total Businesses :	570	2,502	7,207
2023 Average Household Income :	$ 98,973	$ 96,165	$ 79,048
2023 Total Consumer Spending :	$ 194 M	$ 2279 M	$ 6116 M
2023 Median Age :	41	38	41
2023 Total Households :	2,293	27,365	88,673
2023 Pop Age 25+: Bachelor's Degree :	1,113	10,026	26,847
2023 Average Home Value :	$ 195,921	$ 219,652	$ 181,458

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Kettering Blvd	S Dixie Dr	2007	14,300	0.03 mi
South Dixie Drive	Office PkDr	2021	7,877	0.12 mi
W Dorothy Ln	Elbee Rd	2007	16,200	0.12 mi
Kettering Boulevard	Southtown Blvd	2021	8,280	0.16 mi
W Dorothy Ln	Glenmore Ave	2003	19,600	0.17 mi
S DIXIE AVE	Office PkDr	2020	7,167	0.22 mi
KETTERING BLVD	Southtown Blvd	2020	7,534	0.26 mi
S Dixie Ave	Oakland Ave	2007	17,100	0.27 mi
S Dixie Dr	Office PkDr	2003	9,699	0.31 mi
West Dorothy Lane		2019	19,750	0.35 mi

Listing Broker

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