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Investment Highlights

  • Neighborhood Retail Center: 67% Occup: Long-Term, Tenured National Tenants, Including Credit Anchor AutoZone (S&P BBB) , Family Dollar & Ace Hardware
  • $2,060,000 in Upside Value @ Stabilized 8.00% CAP Rate (Assuming 93% Occup.) Estimated $210,000+ Increase to NOI, Not Including Addl. Outlot Value
  • Ideal Demographics: Average Household Incomes of $78,000 Within a 5-Mile Radius and Direct Access to Large Population Base (76,000+ People in 5 Miles)
  • Significant Upside: Extremely Low $37/S.F. Asking Price & Easily Replaceable Avg. Rents of Only $6.04/SF w/ Significant Additional Leasing Upside
  • Strong Reported Store Sales & Multiple Parceled Outparcel Development Opportunities Included with Sale
  • 3 Miles to Wittenburg University: 1,500+ Students & Faculty Combined, Contributing to the Center’s Daily Daytime Traffic

Executive Summary

• Service-Oriented Neighborhood Retail Center with 67% Occupancy: Long-Term, Tenured National Tenants, Including Credit Anchors AutoZone (S&P “BBB”/Moody’s “Baa1), Family Dollar & Ace Hardware

• Extremely Low $37/S.F. Asking Price and Easily Replaceable Average Rents of Only $6.04/SF with Significant Additional Upside Through Lease-Up of Vacant Units and Multiple Outparcel Development Opportunities

• Stabilized 8.00% CAP Rate (Assuming 93% Occupancy) Generating an Estimated $210,000+ Increase to NOI + $2,060,000 in Upside Value, Not Including Any Rental Increases or Outlot Development!!

• Several Tenants with Recent Lease Renewals Further Demonstrating Stability and Quality in the Asset: Rent-a-Center (5-Yr. Renewal, 2,400+ Locations), Family Dollar (5-Yr. Renewal, 7,100+ Locations), AutoZone (10-Yr. Renewal, 7,900 Locations Globally), & Showplace Rent to Own (6-Yr. Renewal, 15 Locations)

• Strong Reported Sales Performance Demonstrates Healthy Consumer Demand and the Property's Established Position Within the Springfield Trade Area

• 3 Miles to Wittenburg University: 1,500+ Students & Faculty Combined, Contributing to the Center’s Daily Daytime Traffic

• Multiple Parceled Off Outparcels Included for Additional Future Upside to NOI (See Page 14 for Details)

• Ideal Demographics with Average Household Incomes of $78,000 Within a 5-Mile Radius and Direct Access to Large Population Base (76,000+ People Within 5-Miles)

• Immediate Access to Springfield's Dominant Retail Corridor: Less Than Two Miles from North Bechtle Avenue Featuring Walmart Supercenter, Meijer, Lowe's, Home Depot, Kohl's, Hobby Lobby, Marshalls, ALDI, Chick-fil-A, Texas Roadhouse, Panera Bread and Numerous Additional National Retailer

• Affordable and Stable Community with a Cost of Living Well Below the National Average, Supporting Long-Term Residential Stability and Consumer Demand

• Springfield is the County Seat of Clark County with Short Commute (29 Miles) to Downtown Dayton and Close Proximity to Several Colleges/Universities and Numerous Other High-Profile Companies

• Surrounded by Major Employers: Konecranes (3 Miles, ~2,000 Employees Nationwide), Mercy Health—Springfield Regional Medical Center (3 Miles, ~2,000 Employees, 220 Beds), Assurant (3 Miles, ~1,600 Employees), Springfield City School District (~1,400 Employees, Serving 7,500 Students in 17 Educational Facilities), Wittenburg University (3 Miles, 1,500 Students & Faculty), and Numerous Public Sector Employers Throughout Clark County

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
84,335 SF
Building Class
B
Year Built/Renovated
1960/2017
Price
$3,145,000
Price Per SF
$37.29
Cap Rate
6.50%
NOI
$204,508
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.16
Lot Size
11.84 AC
Parking
500 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
756’ on S S Burnett Rd Rd

Amenities

  • Dedicated Turn Lane
  • Restaurant
  • Signage
  • Signalized Intersection
  • Monument Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Ace Hardware
  • -
  • 21,000 SF
  • -
  • Triple Net
  • May 2030
  • Antonio Wireless
  • -
  • 640 SF
  • -
  • Triple Net
  • -
  • AutoZone (S&P BBB)
  • -
  • 8,067 SF
  • -
  • Triple Net
  • Apr 2036
  • El Comal Mexican Restuarant
  • -
  • 1,440 SF
  • -
  • Triple Net
  • -
  • El Gran Sol Grocery
  • -
  • 2,400 SF
  • -
  • Triple Net
  • -
  • Family Dollar
  • -
  • 10,660 SF
  • -
  • Triple Net
  • Jan 2031
  • Mr. Appliance
  • -
  • 1,967 SF
  • -
  • Triple Net
  • -
  • Rent-A-Center
  • -
  • 4,200 SF
  • -
  • Triple Net
  • Nov 2031
  • Show Place Rent to Own
  • -
  • 5,000 SF
  • -
  • Triple Net
  • Oct 2032
  • T&M Pool & Spas
  • -
  • 665 SF
  • -
  • Triple Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Ace Hardware - 21,000 SF - Triple Net May 2030
Antonio Wireless - 640 SF - Triple Net -
AutoZone (S&P BBB) - 8,067 SF - Triple Net Apr 2036
El Comal Mexican Restuarant - 1,440 SF - Triple Net -
El Gran Sol Grocery - 2,400 SF - Triple Net -
Family Dollar - 10,660 SF - Triple Net Jan 2031
Mr. Appliance - 1,967 SF - Triple Net -
Rent-A-Center - 4,200 SF - Triple Net Nov 2031
Show Place Rent to Own - 5,000 SF - Triple Net Oct 2032
T&M Pool & Spas - 665 SF - Triple Net -
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Nearby Major Retailers

Rent-A-Center
Park National Bank
Kroger
PNC Bank
7 Brew Coffee
Tim Hortons
Frisch's Big Boy

Property Taxes

Property Taxes

Parcel Number
34-00700-02221-0015
Land Assessment
$108,990
Improvements Assessment
$53,720
Total Assessment
$162,710
  • Listing ID: 41191841

  • Date on Market: 7/7/2026

  • Last Updated:

  • Address: 432-634 S Burnett Rd, Springfield, OH 45505

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