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NNN Institutional Asset - 100% Bonus Depreciation Eligible

Chillicothe, OH, USA
Updated 169 days ago

NNN Institutional Asset - 100% Bonus Depreciation Eligible Brand-New 20-Year Absolute NNN | $15M Recent Renovation | 7.5% Cap Asking Price: $26,400,000 (Based on $1,980,000 annual rent at a 7.5% cap) Rent: $165,000 per month Lease Start: Q3 2025 A Newly Rebuilt, Institutional-Grade NNN Asset Positioned for Long-Term Passive Income This offering represents the highest tier of passive investment: a fully renovated, modernized retail facility with a national credit tenant under a new 20-year absolute NNN lease. With $15 million invested into a full-scale renovation, the property is effectively new construction, offering zero deferred maintenance and full eligibility for 100% bonus depreciation. This is a long-term, ultra-stable asset built for investors who prioritize predictable income and aggressive tax efficiency. Key Selling Points 1. $15,000,000 Recent Renovation – Turnkey for the Next 20 Years The tenant has poured $15M into a complete structural and operational overhaul. Investors acquire a modern, fully upgraded facility with no near-term capital needs. 2. Absolute NNN – Zero Responsibilities No management, no maintenance, no landlord duties. The tenant covers everything including roof, structure, taxes, insurance, and all operating costs. 3. 100% Bonus Depreciation Eligible Because of the asset classification, investors can take full bonus depreciation. This is extremely rare for a high-credit NNN asset and significantly increases after-tax yield. 4. $1,980,000 Annual Rent Backed by a long-term, nationally recognized tenant with exceptional creditworthiness and financial performance. 5. 20-Year Brand-New Term with 2% Annual Increases in Renewal Options Stability for decades, with built-in income growth. 6. 18,000 SF on a 20-Acre Parcel The scale, land position, and site control create long-term residual value beyond the lease itself. 7. Tenant: National credit tenant Ideal Buyer Profile This opportunity is ideal for: This asset provides long-term income security, tax efficiency, and the simplicity ultra-passive investors demand. With a 20-year absolute NNN term, strong rental stream, and bonus depreciation eligibility, this offering meets the criteria for wealth preservation and income performance.

Location

Chillicothe, OH (Ross County)

Size In Square Feet

18,000

Financials

Asking Price
$26.4M
RevenueMost Recent Year
$2.0M
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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