3405 Werk Rd | Cincinnati, OH 45211
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- LoopNet Team
3405 Werk Rd
Cincinnati, OH 45211
NECTAR · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- HIGH-YIELDING INVESTMENT – The property is being offered at a Year-1 in-place cap rate of 9.75%.
- ABSOLUTE NNN LEASE – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- STRONG CANNABIS MARKET – Ohio stands out as one of the most attractive cannabis markets in the nation.
- LONG-TERM LEASE – There are over 8 years remaining on the base term of the lease, providing stability and security for investors.
- ATTRACTIVE RENTAL INCREASE – 2.5% Annual rental increases, providing investors with a hedge against inflation.
- MULTI-STATE OPERATOR – The tenant, Nectar, is a multi-state cannabis operator with +43 retail stores across 3 different states.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,598 SF
Building Class
C
Year Built
1941
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.34 AC
Zoning
C-CA
Frontage
50’ on Werk Rd
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $139,629 | |
| Land Assessment | $21,560 | Total Assessment | $161,189 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,560
Improvements Assessment
$139,629
Total Assessment
$161,189
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