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6650 Hamilton Ave
Cincinnati, OH 45224 North College Hill

$759,000 USD

Service Station For Sale  •  1,200 SF

Property Details

  • Property Type Service Station
  • Total Building Size 1,200 SF
  • Lot Size 0.67 AC
  • Year Built 1991
  • Cap Rate 5.65 %
  • Tenancy Single
  • Zoning C
0 Transit Score
56 Walk Score

Highlights

This deal is eligible for 100% bonus depreciation, allowing investors to accelerate tax benefits.
The lease has a corporate guarantee by Valvoline LLC, the second-largest oil change service provider in the United States, with a $4.1 billion market.
This Valvoline has a lower rent than other Valvolines, making it an accessible, lower price point offering.
No landlord responsibilities.
In 2027, there will be an increase in base rental income, raising the cap rate to 6.00%.
There are ~6 years remaining on the lease with three five-year options to extend.
Cap Rate: 5.65 %

Major Tenants

Tenant SF Occupied Lease End Date
Valvoline 1,200 SF 5/31/2032

Public Transportation

Commuter RailDriveWalkDistance
Cincinnati Union Terminal (Cardinal - Amtrak) 18 min - 8.2 mi
AirportDriveWalkDistance
Cincinnati/Northern Kentucky International 42 min - 22.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Henry Mikula 312-614-4521 Sands Investment Group
Henry Mikula 312-614-4521 Sands Investment Group