Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2000
Building Area
Occupancy 100.0 %

Property Description

Jones Lang LaSalle (“JLL”) Net Lease Advisory is pleased to exclusively offer a premier net lease opportunity to acquire a single tenant Harley-Davidson (the “Property”) located in Mason, OH, an affluent community in the Cincinnati MSA known as “Ohio’s Largest Playground”. The Property is located a 1-minute motorcycle ride from the entrance to Kings Island - the largest amusement park in the midwest and 17th most visited park in North America with 3.5 million annual visitors. Within 5 miles of Harley-Davidson, over 105,000 residents earn average household incomes of nearly $146,000 or nearly 59% higher than MSA incomes. Mason is conveniently located between I-75 and I-71, which combine for nearly 235,000 vehicles per day traveling through Mason.

Investment Highlights

  • IDEAL ABSOLUTE NNN INVESTMENT WITH LOW RENT PSF
  • Absolute NNN lease with over 8 years remaining, no landlord responsibilities, annual increases, and a low in-place rent of $11.82 PSF.
  • EXCELLENT SALES FROM A PROVEN OPERATOR AND ICONIC BRAND
  • Phenomenal, growing sales and ultra-low single-digit rent-to-sales ratio. America’s Powersports operates 8 Harley-Davidson dealerships and Harley (NYSE: HOG) accounts for half of all new motorcycle registrations in the U.S.
  • INTERSTATE LOCATION IN “OHIO’S LARGEST PLAYGROUND”
  • Along I-71 with a highly visible pylon sign. Only minutes from the largest theme park in the midwest and 17th most visited park in North America (3.5 million visitors).
  • HIGH-TECH INDUSTRY FUELING MASON’S GROWING, AFFLUENT POPULATION
  • Over 105,000 residents earning household incomes of $146,000 in a 5-mile radius, driven by Fortune 500 headquarters, global tech companies, and household names expanding in Ohio’s second fastest growing county.
Last Updated Date: 31 Jul 2020
Michael Brewster
Michael Brewster
Director, Capital Markets
License details
FL-SL3280018
Bradley Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948

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Last Updated Date: 31 Jul 2020

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