Mad River Harley-Davidson

Sandusky | Ohio

Mad River Harley-Davidson

5316 Milan Rd
Sandusky, OH 44870

Offering Summary

  • Status: just listed
  • Price: $5,314,286
  • Cap Rate: 7.00%
  • Current Annual Rent: $372,000
  • Net Operating Income: $372,000
  • Price/SF: $127.79
  • Year(s) Built: 2002
  • Lot Size (Acres): 3.05
  • Lease Type: Absolute NNN
  • Major Tenants: Harley-Davidson
  • 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