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Meineke 1315 Main St 3,532 SF Retail Building Hamilton, OH 45013 $1,836,513 CAD ($519.96 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities for truly passive income.
- 10% rental increases every five years provide structured income growth.
- Prime Main Street location with ±21,000 vehicles per day for high visibility.
- Strong franchise operator Marcor, LLC with 39 locations and plans for 100+ units.
- Recent $95,000 tenant improvements demonstrate long-term commitment.
- Surrounded by national retailers including CVS, Kroger, Aldi, and Walmart.
Executive Summary
Matt Wallace
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # REC.2022007141, BRKP.2024002419 (OH)
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,532 SF
Building Class
B
Year Built/Renovated
1989/2026
Price
$1,836,513 CAD
Price Per SF
$519.96 CAD
Cap Rate
6.25%
NOI
$114,782 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.60 AC
Zoning
B-2, Hamilton - Community Business District
Frontage
188’ on Main Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | P6412-021-000-071 | Improvements Assessment | $59,968 CAD |
| Land Assessment | $70,504 CAD | Total Assessment | $130,472 CAD |
Property Taxes
Parcel Number
P6412-021-000-071
Land Assessment
$70,504 CAD
Improvements Assessment
$59,968 CAD
Total Assessment
$130,472 CAD
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Meineke | 1315 Main St
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