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3822 Springfield-Xenia Rd 10,860 SF Retail Building Springfield, OH 45506 $1,179,000 ($108.56/SF) 7.45% Cap Rate
Executive Summary
This 10,860 sq ft Dollar General sits on 6.12 acres of commercial land and delivers a strong 7.45% cap rate with 6 years remaining on the initial lease term. National credit tenant, pays $87,889.08 annually on a NNN lease, with four renewal options featuring 10% rent increases—providing built-in income growth and long-term stability. Backed by a proven retailer, predictable cash flow, and valuable excess land, this is a clean, reliable investment that performs well on paper and even better in practice.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,860 SF
Building Class
B
Year Built
1997
Price
$1,179,000
Price Per SF
$108.56
Cap Rate
7.45%
NOI
$87,889
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.68 AC
Zoning
I1
Property Taxes
| Parcel Number | 30-00600-00700-0076 | Improvements Assessment | $361,640 |
| Land Assessment | $43,490 | Total Assessment | $405,130 |
Property Taxes
Parcel Number
30-00600-00700-0076
Land Assessment
$43,490
Improvements Assessment
$361,640
Total Assessment
$405,130
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3822 Springfield-Xenia Rd
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