tim hortons portfolio for sale| 15 year nnn lease · for sale| 15 year nnn lease presented by:...

Andy Mills, CCIM| 614.582.5521| amills@elfordrealty.com

TIM HORTONS PORTFOLIO

FOR SALE| 15 year NNN lease

PRESENTED BY:

PROPERTY HIGHLIGHTS

Elford Realty, LLC is pleased to present 2 newly constructed Tim Horton’s build-to-suit opportunities

with a 15 year NNN lease (at closing) in Mansfield & Bucyrus, Ohio. The leases have a 10% bump in

Year 6 & 11 and has 3-5 year options. The lease is guaranteed by a Tim Horton’s franchisee that has

35+ locations with 10 more under development for 2017. The properties sit on major State Routes in

strong retail corridors.

INVESTMENT SUMMARY

CAP RATE 6.75%

ASKING PRICE $2,815,000

NET OPERATING INCOME $190,000/year

LEASE TERM15 years (at closing)

3-5 year options

RENTAL INCREASES: 10% every 5 years

Andy Mills, CCIM| 614.582.5521| amills@elfordrealty.com

FOR SALE| 15 year NNN lease

1072 Ashland Rd.| Mansfield | OH |44905

PRESENTED BY:

PROPERTY HIGHLIGHTS

Elford Realty, LLC is pleased to present this new 1,980 sf Tim Horton’s build-to-suit opportunity with

a 15 year NNN lease (at closing) on .947 acres. The lease has a 10% bump in Year 6 & 11 and has 3-5

year options. The lease is guaranteed by a Tim Horton’s franchisee that has 30+ locations with 10

more under development for 2017. The property sits on SR-42 (23,390 VPD) in front of a Kroger at a

main intersection with a freeway pylon visible to SR-30 (30,630 VPD).

DEMOGRAPHICS 5 MILES

POPULATION 66,822

AVERAGE HOUSEHOLD

INCOME$47,369

TRAFFIC COUNTS 23,390 VPD

INVESTMENT SUMMARY

CAP RATE 6.75%

ASKING PRICE $1,407,407

NET OPERATING INCOME $95,000/year

SQ FEET/ACREAGE 1,980sf/.947 acres

LEASE TERM15 years (at closing)

3-5 year options

RENTAL INCREASES: 10% every 5 years

Andy Mills, CCIM| 614.582.5521| amills@elfordrealty.comPRESENTED BY:

FOR SALE| 15 year NNN lease

1072 Ashland Rd.| Mansfield | OH |44905

Andy Mills, CCIM| 614.582.5521| amills@elfordrealty.com

FOR SALE| 15 year NNN lease

501 S. Sandusky Street| Bucyrus | OH |44820

PRESENTED BY:

PROPERTY HIGHLIGHTS

Elford Realty, LLC is pleased to present this newly built Tim Horton’s build-to-suit opportunity with a

15 year NNN lease on 1.06 acres. The lease has a 10% bump in Year 6 & 11 and has 3-5 year options.

The lease is guaranteed by a Tim Horton’s franchisee that has 30+ locations with 10 more under

development for 2017. Opened on November 15, 2016. The property sits on SR-4 (10,130 VPD), in

the heart of Bucyrus, and across from City Hall.

DEMOGRAPHICS 5 MILES

POPULATION 14,900

AVERAGE HOUSEHOLD

INCOME$55,966

TRAFFIC COUNTS 10,130 VPD

INVESTMENT SUMMARY

CAP RATE 6.75%

ASKING PRICE $1,407,407

NET OPERATING INCOME $95,000/year

ACREAGE 1.06 acres

LEASE TERM15 years (at closing)

3-5 year options

RENTAL INCREASES: 10% every 5 years

Andy Mills, CCIM| 614.582.5521| amills@elfordrealty.comPRESENTED BY:

FOR SALE| 15 year NNN lease

501 S. Sandusky Street| Bucyrus | OH |44820

BUCYRUS CITY HALL