Tire Discounters – Chillicothe, OH

Tire Discounters
1596 N Bridge St, Chillicothe, OH 45601, USA

We are pleased to exclusively offer for sale the 7,851 SF Tire Discounters Absolute NNN property located at 1596 N Bridge Street in Chillicothe, OH. This investment features an Absolute Triple Net (NNN) Lease structure, offering investors a truly passive ownership opportunity with zero landlord management responsibilities. Under the terms of the lease, the tenant is responsible for all property taxes, insurance, and maintenance, ensuring stable and predictable income for the owner. This asset provides a secure, hands-free investment opportunity backed by a strong tenant, making it an attractive addition to any investment portfolio.

  • Absolute Triple Net (NNN) Passive Income: Features an Absolute Triple Net (NNN) Lease structure with zero management responsibilities. The tenant is responsible for all taxes, insurance, and maintenance, creating a completely passive income stream for the property owner.
  • Dominant Retail Corridor: Located in the heart of the North Bridge Street retail corridor, the primary commercial district for the city. The property is surrounded by major national brands, including Walmart, Lowe’s, Sam’s Club, and DICK’s Sporting Goods, that draw shoppers from the entire county.
  • Corporate Lease Guaranty: The lease is backed by a corporate guarantee from Tire Discounters. As one of the largest independent tire dealers in the country, with over 200 locations, they offer a secure and creditworthy rental stream.
  • Strategic Menards Out-Parcel: Positioned as a high-visibility out-parcel to Menards, which is the top home improvement anchor in this region, and acts as a significant traffic driver to the location.

 

In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker – Lic. #REC.2020005946 BoR: Scott Reid – Lic. OH #BRKP.2020001224

Tire Discounters
1596 N Bridge St, Chillicothe, OH 45601, USA

Tire Discounters

Tire Discounters started in 1976 as a single-bay operation in a small gas station on Cincinnati’s east side has grown into something remarkable – the nation’s largest 100% family-owned and operated independent tire provider. Founder Chip Wood’s vision has flourished into over 200 locations across eight states, yet the company remains rooted in the same family values that started it all. We lead the industry in providing unique benefits with every tire installation including lifetime rotation and balancing, tire inflation, flat repair, and free alignment with a 4-tire purchase. Our ASE-certified technicians and ASE EV safety-trained specialists keep us at the forefront of automotive technology, ready to service both traditional and electric vehicles.

Price

$3,350,000

Cap Rate

5.75%

PREMISES

7,851 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

09/02/2036

Lease Type

Absolute NNN

RENTAL INCREASES

4.25% Every 5 Years

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