For sale to qualified investors is the fee simple interest in a corporate lease with Dunham’s Athleisure Corporation located in Hillsboro, Ohio.
The 48,152 square foot building is being offered far below its current replacement cost at only $43 per square foot, and offers the investor an incredible opportunity to acquire the building at a very low basis with 8 years of corporately guaranteed rental. In addition to the 8 years of primary term remaining, there are four 5-year options with $0.25 PSF increases each option. The landlord is responsible for roof, structure, and exterior maintenance, and Dunham’s is 100% responsible for their HVAC repairs, maintenance and replacement. The property is located on North High Street and serves customers in a 10-15 mile radius due to the regional nature of the market. Adjacent to Dunham’s are Rural King and Highland District Hospital, both of which also cater to clients and customers from 15 miles and beyond.