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415-659 S Breiel Blvd 135,485 SF 62% Leased Retail Building Middletown, OH 45044 $4,950,000 ($36.54/SF) 7.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominently positioned at the signalized intersection of Grand Avenue and South Breiel Boulevard, a key Middletown retail corridor.
- Established neighborhood shopping center with consistent tenancy.
- Immediate access to I-75 connecting Cincinnati and Dayton, within one of Ohio’s strongest growth corridors.
- Rare Value-Add Opportunity - Offered for sale for the first time in 40 years.
- Multi-tenant pylon positioned at the corner intersection for maximum exposure.
- Serves a well-established trade area with strong population density and household stability.
EXECUTIVE SUMMARY
Middletown Shopping Center is a well-established neighborhood retail destination located at the signalized intersection of Grand Avenue and South Breiel Boulevard—one of Middletown’s primary commercial corridors. The property is surrounded by dense residential neighborhoods and enjoys convenient access to Interstate 75, providing strong regional connectivity. The center features excellent visibility, prominent signage, multiple points of ingress and egress, and ample surface parking, creating an easily accessible and pedestrian-friendly shopping environment.
Shadow-anchored by O’Reilly Auto Parts and Burger King, the center hosts a complementary mix of national and local tenants, including Dollar General, Urgent Care, All About Smiles Dental, Sally Beauty, H&R Block, and others. This value-add opportunity encompasses approximately 135,000 square feet of retail space situated on 12 acres.
Shadow-anchored by O’Reilly Auto Parts and Burger King, the center hosts a complementary mix of national and local tenants, including Dollar General, Urgent Care, All About Smiles Dental, Sally Beauty, H&R Block, and others. This value-add opportunity encompasses approximately 135,000 square feet of retail space situated on 12 acres.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
135,485 SF
Building Class
C
Year Built/Renovated
1960/1988
Price
$4,950,000
Price Per SF
$36.54
Cap Rate
7.58%
NOI
$375,210
Percent Leased
62%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
11.99 AC
Parking
850 Spaces (6.56 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Health Care and Social Assistance
-
99,999 SF
- -
- -
- -
At All About Smiles, their staff is like family. They work seamlessly together toward one common goal — to provide their patients with affordable, quality dental care.
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- Health Care and Social Assistance
-
99,999 SF
- -
- -
- -
Founded in 2011, CareFirst Urgent Care is the largest independent urgent care provider in Cincinnati with clinics across Ohio, Kentucky, Nevada and Florida. CareFirst treats non-life-threatening injuries and illnesses 363 days a year, with COVID-19 testing and occupational medicine services for employers available.
- Dollar General
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- H & R Block
- Finance and Insurance
-
99,999 SF
- -
- -
- -
- Quality Discount Furniture
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Sally Beauty
- Retailer
-
99,999 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 99,999 SF | - | - | - | |
|
|
Health Care and Social Assistance | 99,999 SF | - | - | - | |
| Dollar General | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| H & R Block | Finance and Insurance | 99,999 SF | - | - | - | |
| Quality Discount Furniture | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Sally Beauty | Retailer | 99,999 SF | - | - | - |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | Q6541-023-000-001 | Improvements Assessment | $224,660 |
| Land Assessment | $743,860 | Total Assessment | $968,520 |
PROPERTY TAXES
Parcel Number
Q6541-023-000-001
Land Assessment
$743,860
Improvements Assessment
$224,660
Total Assessment
$968,520
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415-659 S Breiel Blvd
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