tim hortons portfolio for sale| 15 year nnn lease · for sale| 15 year nnn lease presented by:...
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Andy Mills, CCIM| 614.582.5521| [email protected]
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| [email protected]
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| [email protected] BY:
FOR SALE| 15 year NNN lease
1072 Ashland Rd.| Mansfield | OH |44905
Andy Mills, CCIM| 614.582.5521| [email protected]
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| [email protected] BY:
FOR SALE| 15 year NNN lease
501 S. Sandusky Street| Bucyrus | OH |44820
BUCYRUS CITY HALL