Address: 1414 Commerce Park Drive, Tipp City, Ohio, United States 45371
Cap Rate: 8.00%
Lease Type: Triple-Net (NNN)
Annual Rent: $640,000
Net Operating Income: $640,000
Lease Term Remaining: 20 Years
Rental Increases: 10% every 5-Years
Options: Four (4), Five (5)-Year Options
Rentable Sq/Ft: 133,843 SF
Rent Sq/Ft: $4.78
Price Sq/Ft: $60
Lot Size: +/- 12.85 AC
This Creative Extruded Products Inc. property is situated on West Main Street. West Main Street experiences average daily traffic counts exceeding 23,300 vehicles, respectively. West Main Street directly intersects with Insterstate-75, which brings an additional 74,200 vehicles into the immediate area on average daily. There are more than 32,500 individuals residing within a five-mile radius of the property and more than 165,300 individuals within a ten-mile radius. This subject property is situated in an affluent suburban community with an average household income of over $91,000 within a three-mile radius.
Creative Extruded Products Inc. benefits from being well-positioned in a dense industrial corridor consisting of major industrial facilities and distribution centers in the area. Major national distributers and industrial tenants in the area include: Meijer Distribution Center, Winco Industries Inc, Captor Corporation, Precision Strip, Abbott Laboratories, U.S Express Inc, High Tec Industrial Inc, as well as many others. There also is a dense retail corridor consisting of national and local tenants, all within close proximity of this property. Major national tenants include: Wendy’s, Speedway, Bob Evans, CVS, Arby’s, and more. Additionally, the subject property is located less than two miles from Tippecanoe Middle School which serves over 600 students. The University of Dayton is situated less than 20-miles south of this property and has a total enrollment exceeding 8,500 students. Dayton International Airport (DAY), serves over 2,800,000 passengers annually and is located less than 10-miles from the subject property.
Tipp City is a city in Miami County, Ohio, just outside Dayton. Part of the Dayton metropolitan area, the city lies on the Miami River, approximately ten-miles north of Dayton and has direct highway access to interstate-75. The Miami Valley city now lies along Interstate-75 near the Interstate-70 interchange and has a growing downtown restaurant and service economy to complement its rural and residential heritage. Tipp City has been called “a truly exquisite little town” by many visitors. It boasts a variety of buildings on the National Register of Historical Places, plenty of locally owned shops and galleries, and some unique dining options. You can see Ohio’s oldest opera house or take the perfect photo at the mural on the Gem City Ice Cream Co. Building, which used to be the site of the Wright Brothers first cycle shop. The city is home to Miami Valley Hospital, a 848-bed, full-service hospital that also includes Dayton region’s only Level I Trauma Center, a regional burnt center, and a level 3 neonatal intensive care unit. Grandview Medical Center, a 317-bed, a teaching hospital is also located there. Tipp City lies within The Tipp City Exempted Village School District. The district has 2,494 students in grades K-12.
Broker of Record: Michael Glass License #BRK.2007005898