Retail Space
8025 Action Boulevard Florence, KY 41042
Details & Description
Price: $6,526,979
    Marcus & Millichap is pleased to present for sale this Two Tenant Absolute Net Leased opportunity at 8025 Action Blvd in Florence, Kentucky. The subject property consists of two buildings leased by Quaker Steak & Lube and Thoroughbred Harley-Davidson comprised of a total of 35,647 square feet of retail space and situated on a large 3.3-acre parcel of land approximately 12 miles southwest of downtown Cincinnati, and eight miles from the Cincinnati-Northern Kentucky International Airport. Strategically located on Action Blvd along Interstate-75 and Interstate-71, the property is highly visible to more than 121,317 vehicles per day. It also features excellent access and sits on an outparcel to the Florence Mall, an 973,371-square foot regional shopping center with more than 100 stores, inclusive of anchor stores – Macy’s and JCPenney. Florence Mall is a 2-level enclosed shopping destination which caters to the growing residential area and serves an estimated 4M visitors annually. Some of the other established outparcels include Olive Garden, Smokey Bones, BJ’S Brewhouse, and Cinemark. The property is part of a dense retail corridor which is home to a number of National and Regional retailers including but not limited to Costco, TJ Maxx, Chipotle, Five Guys, Home Depot, Kohl’s, Sam’s Club, Target, Walmart and many more. The property sits just in the outskirts of Downtown Cincinnati and benefits from over 138,000 full time residents in the immediate trade area. Built in 2012, the property is 100 percent leased with two synergistic tenants that enhance their respective success. Quaker Steak & Lube has over 11 years of term on their lease term. The lease features attractive 2 percent annual increases through the Primary Term and in the Four 5-Year Option Periods. Thoroughbred Harley Davidson exercised one of their option periods early, showing strong commitment to their site, and have over six years remaining in their current term. The lease also features attractive 2 percent annual increases through the Current Term and in the two 5-Year Option Periods remaining.
    Property Highlights
     Absolute NNN Leases Zero Landlord Responsibilities
     100 Leased Absolute NNN Investment
    Listing Agents
    Gabriel Britti

    O: 786-522-7017
    gabriel.britti@marcusmillichap.com
    Ronnie Issenberg
    Marcus & Millichap
    O: 786-522-7013
    ronnie.issenberg@marcusmillichap.com
    Ricardo Esteves
    Marcus & Millichap
    O: 786-522-7054
    ricardo.esteves@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    8025 Action Boulevard

    Florence, KY 41042

    2 Tenant Absolute NNN Investment

    Listing ID: 275829
    • 8025 Action Boulevard Florence, KY 41042 | for Sale | Photo 1
    • 8025 Action Boulevard Florence, KY 41042 | for Sale | Photo 2
    8025 Action Boulevard | for Sale | Thumbnail 1
    8025 Action Boulevard | for Sale | Thumbnail 2
    Building Size: 35,647 SF
    Lot Size: 3.300 AC
    Land Size: 143,748 SF
    Building $/SF: $183.10
    Land $/SF: $45.41
    Price
    $6,526,979
    Property Highlights
    100 Leased Absolute NNN Investment
    Absolute NNN Leases Zero Landlord Responsibilities
    Attractive 2 Annual Rent Increases
    Description

    Marcus & Millichap is pleased to present for sale this Two Tenant Absolute Net Leased opportunity at 8025 Action Blvd in Florence, Kentucky. The subject property consists of two buildings leased by Quaker Steak & Lube and Thoroughbred Harley-Davidson comprised of a total of 35,647 square feet of retail space and situated on a large 3.3-acre parcel of land approximately 12 miles southwest of downtown Cincinnati, and eight miles from the Cincinnati-Northern Kentucky International Airport. Strategically located on Action Blvd along Interstate-75 and Interstate-71, the property is highly visible to more than 121,317 vehicles per day. It also features excellent access and sits on an outparcel to the Florence Mall, an 973,371-square foot regional shopping center with more than 100 stores, inclusive of anchor stores – Macy’s and JCPenney. Florence Mall is a 2-level enclosed shopping destination which caters to the growing residential area and serves an estimated 4M visitors annually. Some of the other established outparcels include Olive Garden, Smokey Bones, BJ’S Brewhouse, and Cinemark. The property is part of a dense retail corridor which is home to a number of National and Regional retailers including but not limited to Costco, TJ Maxx, Chipotle, Five Guys, Home Depot, Kohl’s, Sam’s Club, Target, Walmart and many more. The property sits just in the outskirts of Downtown Cincinnati and benefits from over 138,000 full time residents in the immediate trade area. Built in 2012, the property is 100 percent leased with two synergistic tenants that enhance their respective success. Quaker Steak & Lube has over 11 years of term on their lease term. The lease features attractive 2 percent annual increases through the Primary Term and in the Four 5-Year Option Periods. Thoroughbred Harley Davidson exercised one of their option periods early, showing strong commitment to their site, and have over six years remaining in their current term. The lease also features attractive 2 percent annual increases through the Current Term and in the two 5-Year Option Periods remaining.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cincinnati History of Retail Space for Sale

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    Florence Area Market Trends

    Listing Demographics for 8025 Action Boulevard Florence, KY 41042

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 8025 Action Boulevard in Florence?
    The asking price for 8025 Action Boulevard is $6,526,979
    What is the building size of this Retail property in Florence, KY?
    The size of the building/unit at 8025 Action Boulevard in Florence is 35,647 square feet
    How much land does the Florence, KY property at 8025 Action Boulevard include?
    8025 Action Boulevard in Florence includes 3.300 acres of land
    What kind of Retail is the property at 8025 Action Boulevard?
    The property at 8025 Action Boulevard Florence, KY 41042 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 8025 Action Boulevard in Florence?
    The population within 1 mile of 8025 Action Boulevard Florence, KY 41042 is 6,623 people.
    Who do I contact for questions about 8025 Action Boulevard?
    You should contact the listing agent, Gabriel Britti, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Closest Commercial Airports

    Airport Distance (mi) Directions
    Cincinnati Northern Kentucky International Airport (CVG) 4
    James M Cox Dayton International Airport (DAY) 66
    Blue Grass Airport (LEX) 67
    Price
    $6,526,979
    Listing Agent
    Listing Co-Agent
    Gabriel Britti - CRE Agent at Marcus & Millichap

    Ronnie Issenberg

    Independent Agent
    Listing Co-Agent
    Gabriel Britti - CRE Agent at Marcus & Millichap

    Ricardo Esteves

    Independent Agent
    More listings from Gabriel Britti
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