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1251 Nilles Rd - Clock Tower Place, Units 4 & 5 5,826 SF Office Condo Unit Offered at $700,000 in Fairfield, OH 45014
Investment Highlights
- 10.91% capitalization rate
- 20-year tenant occupancy history
- Tenant headquarters; 12 Ohio locations
- $76,430 annual net income
- Just renewed their lease for 3+ years
- High-traffic Nilles & Winton Road intersection
Executive Summary
This true triple-net (NNN) investment delivers $76,430 in annual net income at a near 11% cap rate — a combination that is increasingly difficult to find in today's market. The tenant has occupied this location for 20 years, just renewed for an additional 3+ year term, and operates this site as their headquarters for a 12-location Ohio operation. Opportunities combining this level of yield and tenant stability are rarely available — qualified buyers are encouraged to reach out for additional information.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 10.91% |
| Sale Type | Investment |
| Cap Rate | 10.91% |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 4-5 | 5,826 SF | Office | $700,000 ($120.15/SF) | $76,340 |
Unit 4-5
| Unit Size |
| 5,826 SF |
| Condo Use |
| Office |
| Price |
| $700,000 ($120.15/SF) |
| NOI |
| $76,340 |
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Unit 4-5
| Unit Size | 5,826 SF |
| Condo Use | Office |
| Price | $700,000 ($120.15/SF) |
| NOI | $76,340 |
| Sale Type | Investment |
| Cap Rate | 10.91% |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,000 SF | Typical Floor Size | 6,000 SF |
| Property Type | Office (Condo) | Year Built | 1980 |
| Property Subtype | Medical | Lot Size | 0.18 AC |
| Building Class | B | Parking Ratio | 8.33/1,000 SF |
| Floors | 1 | Opportunity Zone |
Yes
|
| Zoning | C2, Fairfield | ||
| Total Building Size | 6,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 6,000 SF |
| Year Built | 1980 |
| Lot Size | 0.18 AC |
| Parking Ratio | 8.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2, Fairfield |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Matterport 3D Exterior
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Photos
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Street
Map
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1251 Nilles Rd - Clock Tower Place, Units 4 & 5
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