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3822 Springfield-Xenia Rd 10,860 SF Retail Building Springfield, OH 45506 $1,098,700 ($101.17/SF) 8% Cap Rate
Investment Highlights
- SINGLE TENANT DOLLAR GENERAL LOCATION: 10,860-SF on a large 1.68 acre lot.
- CORPORATE GUARANTEE: Lease is guaranteed by Dollar General, with over 20,000 locations across 48 states.
- HIGH VISIBILITY LOCATION: Located along Springfield Xenia Road with high visibility and lighted pylon sign. Easy access from both traffic directions.
- TRIPLE NET LEASE: 6 years remaining on a 10 year NNN lease with four, 5-year renewal options and 10% rental increases in each option.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH TRAFFIC CORRIDOR: Located just off of Interstate 70 seeing 55,800 VPD, a major east-west highway connecting Dayton to Columbus & on to Pittsburgh
Executive Summary
Triple Net Lease | Proximity to Interstate 70 and Downtown Springfield
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,860 SF
Building Class
B
Year Built
1997
Price
$1,098,700
Price Per SF
$101.17
Cap Rate
8%
NOI
$87,899
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
6.12 AC
Zoning
I1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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
Contacts
-
Dante Moretti -
Darpan Patel -
Dan Yozwiak -
Paige Bucheit -
Sam Elyassaki -
Peter Sibicky -
Marcus & Millichap
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