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Views: 74 DOM: 277 Updated: 07.24.24 Posted: 12.14.23 Status: Active

Summary

Price $991,503
Built/Renov 2013
Tenant Lion's Den
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,200
Lease Start 06-01-2024
#Units 47
Price/SF $450.68
Expiration 05-31-2044
Tenant Type General Retail
NOI $71,884
R. Term 19.8
Ownership Fee Simple
Rent/SF $32.67
Increases 2.0%/1/yrs
Pop 5Mi 26,929
Lot/AC 0.57
Options 2/5yrs/2%
AHHI 5Mi $73,607

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 2,200 square foot Lion's Den is strategically located on .57 acres along S. Bridge St., with immediate access and visibility to Interstate 23, providing a significant daily traffic count. The site benefits from 26,929 residents, earning an average household income of $73,607 within a 5-mile radius. Chillicothe is a city in and the county seat of Ross County, Ohio. At the time of the 2020...

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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 : 468 8,642 26,700
2023 Total Population : 476 8,763 26,929
2023 Employed Civilian Pop : 228 3,369 11,370
2023 Total Businesses : 19 243 1,279
2023 Average Household Income : $ 58,202 $ 51,878 $ 73,607
2023 Total Consumer Spending : $ 9 M $ 162 M $ 747 M
2023 Median Age : 45 40 42
2023 Total Households : 185 3,541 11,578
2023 Pop Age 25+: Bachelor's Degree : 13 464 2,187
2023 Average Home Value : $ 126,562 $ 179,149 $ 194,975
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Bridge Street Renick Ln 2021 5,041 0.11 mi
RAMP FROM US23 SB TO S BRIDGE ST 2021 530 0.28 mi
RAMP FROM US23 SB TO S BRIDGE ST S Bridge St 2020 464 0.28 mi
US 23 Business;SR 10 S Bridge St 2021 2,184 0.35 mi
S Bridge St Three Locks Rd 2003 7,010 0.40 mi
RAMP FROM S BRIDGE ST TO US23 NB S Bridge St 2021 483 0.41 mi
US 23 Business;SR 10 Three Locks Rd 2021 1,849 0.45 mi
SR-104 EB RAMP Three Locks Rd 2020 1,783 0.45 mi
US 23 S Bridge St 2021 19,588 0.71 mi
STAUB RD US Rte 23 2020 535 0.79 mi

Listing Broker

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