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Views: 100 DOM: 277 Updated: 07.24.24 Posted: 12.14.23 Status: Active

Summary

Price $903,159
Tenant Lion's Den
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,800
Lease Start 06-01-2024
#Units 47
Price/SF $501.75
Expiration 05-31-2044
Tenant Type General Retail
NOI $65,479
R. Term 19.8
Ownership Fee Simple
Rent/SF $36.38
Increases 2.0%/1/yrs
Pop 5Mi 30,398
Lot/AC 1.45
Options 2/5yrs/2%
AHHI 5Mi $94,230

Lease Highlights

  • Lion’s Den will be signing a brand new 20-year lease with 1 (5-year) and 1 (4 year, 11 months) options to extend at the close of escrow
  • Lease features 2% annual rental increase throughout the initial term and each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This 1,800 square foot Lion's Den is strategically located on 1.45 acres along Olde Scottland Rd., with immediate access and visibility to Interstate 81, providing a significant daily traffic count. It is within close proximity to a Walmart distribution center, an Amazon Warehouse, Lowe’s, and other local retailers, further driving traffic to the site. The property benefits from 30,398...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Lion's Den
  • Guarantor:Corporate
  • Company:LD Management Company
  • # Units:47
  • Stock:Private

About Tenant

Lion’s Den is a family-owned chain of specialty shops offering adult products including pleasure tools, apparel, literature, adult arcades and more. Founded in 1971 in Columbus Ohio, the company...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 618 11,743 30,820
2023 Total Population : 626 11,849 30,398
2023 Employed Civilian Pop : 226 5,492 14,943
2023 Total Businesses : 24 375 835
2023 Average Household Income : $ 115,418 $ 86,923 $ 94,230
2023 Total Consumer Spending : $ 24 M $ 373 M $ 957 M
2023 Median Age : 40 35 35
2023 Total Households : 249 4,932 11,701
2023 Pop Age 25+: Bachelor's Degree : 50 1,383 3,289
2023 Average Home Value : $ 272,656 $ 241,688 $ 266,019
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Olde Scotland Rd 2021 4,016 0.03 mi
Olde Scotland Rd 2021 3,687 0.15 mi
Olde Scotland Rd 2021 1,924 0.20 mi
Olde Scotland Rd 2021 1,643 0.28 mi
Olde Scotland Rd Heritage Ave 2017 1,494 1.08 mi
Olde Scotland Road Pineville Rd 2021 9,032 1.17 mi
I 81 Olde Scotland Rd 2022 23,523 1.21 mi
Mainsville Rd 2021 49,084 1.25 mi
Olde Scotland Rd 2022 23,722 1.25 mi
Olde Scotland Road Two Turn Rd 2022 2,039 1.39 mi

Listing Broker

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