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27379385
27379386

280-318 Northland Blvd, Springdale, OH 45240

SR
OH REC.2020005946, CA 02101543 (+42)
ParaSell Inc
DS
MI MI #6501439800
Legacy Real Estate
RG
MI 6501453450
Listed by ParaSell Inc, Legacy Real Estate
$5,258,114
248 days on market
Updated 2 days ago

Olde Gate Shopping Center

Details
Property Type Retail
Sub Type Storefront, Shopping Center (+1)
Square Footage 33,350
Cap Rate 9%
NOI $473,230
Occupancy 100%
Tenancy Multi
Brand/Tenant Family Discount Furniture, Sambaber 513 LLC Barber (+8)
Lease Type NNN
Remaining Term 4
Lease Options 5 Years
Price per SqFt $158
Year Built 1989
Acreage 3.480
Ground Lease No

Retail | 9.00% CAP | 33,350 SqFt

Marketing description

Olde Gate Shopping Center is a fully occupied neighborhood retail center located at 280–318 Northland Blvd in Springdale, Ohio, within the highly trafficked Cincinnati MSA. The property is strategically positioned in an established retail corridor with excellent visibility and accessibility just minutes from I-275 and Tri-County retail amenities.

The center features a diverse ethnic tenant mix with a history of long term tenancy and recent lease extensions, providing stable in place cash flow.

Surrounded by dense residential populations, national retailers, and major employers, the property benefits from strong consumer traffic and continued demand within the submarket. The location offers convenient access to the greater Cincinnati metro area and is positioned within one of the region’s most established retail trade corridors.

Investment highlights

  • Freestanding Retail Center Located in Springdale, OH -33,350 SF Building on 3.48 Acres
  • Dense Demographics - 54,000+ People Reside within 3 Mile Radius of Site - 160,000+ People Reside within 5 Mile Radius of Site
  • Cincinnati, OH MSA - TOP 35 - Ranked (MSA #30) in the U.S.A.
  • Majority of Parking Lot & Concrete Replaced in November 2024
  • Affluent Area - Average Household Income Exceeds$86,000 Annually within 5 Mile Radius of Site
  • 35 Minute Drive to Cincinnati/Northern Kentucky International Airport (±31 Mile Distance)
  • Daytime Employees Exceed 71,000+ People within 3 Mile Radius of Site
  • Traffic Counts - Nearly 20,000 Vehicles Pass Site Daily on Northland Blvd

Listing Contacts

SR
OH REC.2020005946, CA 02101543 (+42)
ParaSell Inc
DS
MI MI #6501439800
Legacy Real Estate
RG
MI 6501453450
Listed by ParaSell Inc, Legacy Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$473,230.00
$39,435.83/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Scott Reid
License
REC.2020005946
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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