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8% CAP Walmart Shadow Ctr. | Low Price Point 1355-1359 Leesburg Ave 13,840 SF 100% Leased Retail Building Washington Court House, OH 43160 $2,076,000 ($150/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied, Walmart Supercenter Shadow Anchored Center with Nationally Named Tenants | Smaller Price Point at Attractive 8.00% CAP Rate!!
- High Traffic Location: 26,000 Vehicles Per Day: Centrally Located at the Main Intersection of Leesburg Avenue (U.S. Route 62), Cities Primary Corridor
- Offers a Dynamic Mix of Both National and Local, Service-Oriented Recession/Internet Resistant Users with Multiple Locations
- Below Market Rents in Trade Area with 99% Occupancy Rate & Potential Future Upside Through Rental Increases and Conversion of a Major Tenant to NNN
- County Seat with Strong Neighborhood Market with Average Household Incomes at $95,000 Within a 1-Mile Radius
- Easy Access Positioned in Walmart Supercenter for Constant Steady Traffic Flow with Prominent Pylon Signage, Frontage and High Visibility
EXECUTIVE SUMMARY
•100% Occupied, Walmart Supercenter Shadow Anchored Center with Nationally Named Tenants
•Smaller Price Point at Attractive 8.00% CAP Rate
•Offers a Dynamic Mix of Both National and Local, Service-Oriented Recession/Internet Resistant Users with Multiple Locations
•Below Market Rents in Trade Area with 99% Occupancy Rate!
•Potential Future Upside Through Rental Increases and Conversion of Major Tenant to NNN From Gross Lease Structure
•High Traffic Location with 26,000 Vehicles Per Day: Centrally Located at the Main Intersection of Leesburg Avenue (U.S. Route 62), Washington Court House’s Primary Commercial Corridor and U.S. Route 35
•Strong Neighborhood Market with Average Household Incomes at $95,000 Within a 1-Mile Radius
•County Seat Location Serves as Primary Retail and Service Hub for Fayette County and Surrounding Rural Communities
•Easy Access Positioned in Walmart Supercenter for Constant Steady Traffic Flow with Prominent Pylon Signage, Frontage and High Visibility
•Main Retail Corridor: Surrounded by Complimentary Retailers/Businesses Along Major Roadway in Washington Court House
•Advantageously Located 50 Miles from Major Metro Areas like Dayton and Columbus, and 70 Miles from Cincinnati
•Strong & Diverse Employment Base: Walmart Distribution Center (5 Miles Away, 800+ Employees), YUSA Corporation (1 Mile Away, ~500+ Employees), Adena Fayette Medical Center (2.5 Miles Away, ~300+ Employees), SugarCreek Packing Co (3 Miles Away, ~1,900 Employees), and Mckesson Corporation (12.5 Miles Away, ~3,000 Employees in Ohio)
•Smaller Price Point at Attractive 8.00% CAP Rate
•Offers a Dynamic Mix of Both National and Local, Service-Oriented Recession/Internet Resistant Users with Multiple Locations
•Below Market Rents in Trade Area with 99% Occupancy Rate!
•Potential Future Upside Through Rental Increases and Conversion of Major Tenant to NNN From Gross Lease Structure
•High Traffic Location with 26,000 Vehicles Per Day: Centrally Located at the Main Intersection of Leesburg Avenue (U.S. Route 62), Washington Court House’s Primary Commercial Corridor and U.S. Route 35
•Strong Neighborhood Market with Average Household Incomes at $95,000 Within a 1-Mile Radius
•County Seat Location Serves as Primary Retail and Service Hub for Fayette County and Surrounding Rural Communities
•Easy Access Positioned in Walmart Supercenter for Constant Steady Traffic Flow with Prominent Pylon Signage, Frontage and High Visibility
•Main Retail Corridor: Surrounded by Complimentary Retailers/Businesses Along Major Roadway in Washington Court House
•Advantageously Located 50 Miles from Major Metro Areas like Dayton and Columbus, and 70 Miles from Cincinnati
•Strong & Diverse Employment Base: Walmart Distribution Center (5 Miles Away, 800+ Employees), YUSA Corporation (1 Mile Away, ~500+ Employees), Adena Fayette Medical Center (2.5 Miles Away, ~300+ Employees), SugarCreek Packing Co (3 Miles Away, ~1,900 Employees), and Mckesson Corporation (12.5 Miles Away, ~3,000 Employees in Ohio)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,840 SF
Building Class
B
Year Built/Renovated
2007/2025
Price
$2,076,000
Price Per SF
$150
Cap Rate
8%
NOI
$166,064
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
6.61 AC
Zoning
B3 - General Business
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Boost Mobile
- -
- 1,600 SF
- -
- Triple Net
- Mar 2031
- Jackson Hewitt
- -
- 1,440 SF
- -
- Triple Net
- Apr 2029
- T-Mobile
- -
- 4,700 SF
- -
- Triple Net
- Aug 2027
- Top Nails
- -
- 1,600 SF
- -
- Triple Net
- Nov 2028
- VIP Smokes
- -
- 4,500 SF
- -
- Modified Gross
- Dec 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Boost Mobile | - | 1,600 SF | - | Triple Net | Mar 2031 | |
| Jackson Hewitt | - | 1,440 SF | - | Triple Net | Apr 2029 | |
| T-Mobile | - | 4,700 SF | - | Triple Net | Aug 2027 | |
| Top Nails | - | 1,600 SF | - | Triple Net | Nov 2028 | |
| VIP Smokes | - | 4,500 SF | - | Modified Gross | Dec 2027 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $174,720 | |
| Land Assessment | $0 | Total Assessment | $174,720 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$174,720
Total Assessment
$174,720
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8% CAP Walmart Shadow Ctr. | Low Price Point | 1355-1359 Leesburg Ave
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