Harley-Davidson Portfolio

Akron, Cleveland, Dover & Sandusky

Offering Summary

  • Status: just listed
  • Price: $25,200,000
  • Cap Rate: 7.00%
  • GLA: 171,953 SF
  • Net Operating Income: $1,764,000
  • Price/SF: $146.55
  • Year(s) Built: 1995, 2015 & 2022, 2005 & 2007, 2002
  • Lot Size (Acres): 18.85
  • Lease Type: NNN
  • Major Tenants: Harley-Davidson

Hall of Fame Harley-Davidson – Akron, Ohio

  • 12+ Years Of Remaining Lease Term With (3) 5-Year Renewal Options
  • Absolute NNN Lease Structure Providing Truly Passive Ownership
  • Annual CPI Based Rent Escalations up to 2% with Floor of 1%
  • Large Franchisee Guarantee with American Road Group who Operates 13 Harley-Davidson Dealerships Throughout Ohio, Florida, Pennsylvania, New Hampshire and Kentucky
  • Fee Simple Ownership On A 3.35-Acre High-Profile Retail Parcel
  • Below Market Rent at $8.88/SF with Embedded Covered Land Play Given Exception Location Directly Off Route 8
  • Dense Population With over 11K 1-Mile, 90K 3-Mile & 217K 5-Mile

Rock-N-Roll City Harley-Davidson – Cleveland, Ohio

  • 12+ Years Of Remaining Lease Term With (3) 5-Year Renewal Options
  • Absolute NNN Lease Eliminating Landlord Expense Exposure
  • Annual CPI Based Rent Escalations up to 2% with Floor of 1%
  • Large Franchisee Guarantee with American Road Group who Operates 13 Harley-Davidson Dealerships Throughout Ohio, Florida, Pennsylvania, New Hampshire and Kentucky
  • Expansive 5.87-Acre Site With Multiple Improvements And Functional Flexibility
  • Exceptional Regional Access At The Convergence Of Two Major Interstate Highways
  • Dense Population With over 5K 1-Mile,88K 3-Mile & 302K 5-Mile

Adventure Harley-Davidson – Dover, Ohio

  • 12+ Years Of Remaining Lease Term With (3) 5-Year Renewal Options
  • Absolute NNN Lease With Tenant Responsible For All Operating And Capital Costs
  • Annual CPI Based Rent Escalations up to 2% with Floor of 1%
  • Large Franchisee Guarantee with American Road Group who Operates 13 Harley-Davidson Dealerships Throughout Ohio, Florida, Pennsylvania, New Hampshire and Kentucky
  • Direct Access To A Major Regional Interstate Corridor
  • Large 6.58 Acre Parcel with Rent at Only $9.62/SF
  • Large Customer Draw Radius Given Next Closest Harley-Davidson Location is 25 Miles Away

Mad River Harley-Davidson – Dover, Ohio

  • 12+ Years Of Remaining Lease Term With (3) 5-Year Renewal Options
  • Absolute NNN Lease Eliminating Landlord Expense Exposure
  • Annual CPI Based Rent Escalations up to 2% with Floor of 1%
  • Large Franchisee Guarantee with American Road Group who Operates 13 Harley-Davidson Dealerships Throughout Ohio, Florida, Pennsylvania, New Hampshire and Kentucky
  • Below Market Rent at $8.95/SF with Embedded Covered Land Play Given Exception Location on Major Retail Corridor
  • Located In One Of Ohio’s Premier Visitor And Leisure Destinations Due to Close Proximity to Cedar Point, Castaway Bay, Great Wolf Lodge and Kalahari
  • Large Customer Draw Radius Given Next Closest Harley-Davidson Location is 52 Miles Away
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director