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245 W Main St 3,051 SF Retail Building Xenia, OH 45385 $427,000 ($139.95/SF) 6.97% Cap Rate
Investment Highlights
- Annual NN Rent: $29,760
- Rent Increase: 5/1/2027 to $31,032/year
- Below Market Rent of $9.75/SF
- CAP: 7%
- Current lease through April 30, 2029
- #4 of 154 Little Caesars in OH – Placer.ai
Executive Summary
Step into a prime investment opportunity with this impeccably maintained 3,051 SF free-standing building, located at 245 W Main St, Xenia, OH. Built in 1960 and thoughtfully renovated in 2024, this property boasts a modern and versatile space ideal for retail ventures. Zoned B-3, it offers endless possibilities for a variety of retail uses. With a solid track record of 100% occupancy, this property presents a compelling choice for investors seeking a reliable income stream. Take advantage of the strong market demand in the Xenia area and secure a valuable asset with significant potential for growth and success.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,051 SF
Building Class
C
Year Built
1960
Price
$427,000
Price Per SF
$139.95
Cap Rate
6.97%
NOI
$29,760
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.26 AC
Parking
15 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | M40-0001-0009-0-0057-00 | Improvements Assessment | $65,810 |
| Land Assessment | $23,910 | Total Assessment | $89,720 |
Property Taxes
Parcel Number
M40-0001-0009-0-0057-00
Land Assessment
$23,910
Improvements Assessment
$65,810
Total Assessment
$89,720
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245 W Main St
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