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28213638
29790265

3100 Springdale Rd, Cincinnati, OH 45251

DC
OH 009003618
Cooper Commercial Investment Group
BH
OH SAL.2006007277
Cooper Commercial Investment Group
Listed by Cooper Commercial Investment Group
$2,710,000
205 days on market
Updated 76 days ago

Spring Hill Center

Details
Property Type Retail
Sub Type Convenience Store, Restaurant (+1)
Square Footage 27,299
Cap Rate 8.20%
NOI $222,301
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General, Haute air (+7)
Lease Term 5
Price per SqFt $99
Year Built 1964
Year Renovated 2012/2018/2024
Acreage 2.160
Parking Spaces 101 spaces
Parking Per SqFt 3.70

100% Occupied Neighborhood Center | Attractive 8.00% CAP, Low $100 S.F. | 27,299 S.F.

Marketing description

Spring Hill Center is a well-positioned neighborhood retail center located at 3100 Springdale Road in the northwest Cincinnati submarket of Colerain Township, Ohio, which is the 2nd largest township in the state encompassing 42.7 square miles and serving nearly 60,000 residents. The property benefits from its strategic location within the Cincinnati Metropolitan Statistical Area (MSA), which is home to more than 2.2 million residents, making it the largest metro area in Ohio and the 24th largest in the United States. Cincinnati’s diverse economy, which is anchored by manufacturing, logistics, healthcare, education, and financial services, creates a stable foundation for continued population and employment growth.

The property enjoys excellent accessibility and visibility along Springdale Road, a key east–west corridor that connects directly to Interstate 275, Cincinnati’s primary beltway. From there, travelers have quick access to major interstates I-74, I-75, and I-71, linking the site to downtown Cincinnati, Dayton, and the broader Midwest region. According to regional traffic mapping by the Ohio–Kentucky–Indiana Regional Council of Governments, daily vehicle volumes along nearby corridors such as Springdale Road and Colerain Avenue are consistently high, providing the center with strong exposure to both local and commuter traffic. Its strategic positioning captures both local resident trips and commuter flow from surrounding suburbs, strengthening its role as a neighborhood convenience node. The site also benefits from proximity to Cincinnati/Northern Kentucky International Airport (CVG).

The trade area surrounding Spring Hill Center is characterized by strong demographics and a stable, family-oriented residential base. Within a one-mile radius, there are approximately 12,500 residents with an average household income of over $85,000; within three miles, over 62,000 residents with an average household income of $89,000; and within five miles, more than 172,000 residents with an average household income approaching $96,000. These demographics reflect an established community with strong purchasing power that supports steady neighborhood retail demand.

The center is located within the Northwest Local School District, one of the largest districts in Hamilton County, serving roughly 9,000 students across 12 schools. The district has earned recognition for academic excellence and career-readiness programs, including its Project Lead The Way STEM curriculum and partnerships with area businesses for technical education. More specifically, the property benefits from Taylor Elementary School being located directly across the street. With approximately 800 students and faculty combined, it adds stable daily traffic for Spring Hill Center. Nearby higher education institutions strengthen the region’s workforce and economic stability, most notably, the University of Cincinnati (approx. 11 miles), which ranks among the Top 100 public universities by U.S. News & World Report and is nationally recognized for its cooperative education program (ranked #4 in the nation).

Cincinnati’s healthcare network provides another strong economic anchor for the region. The Christ Hospital Health Network (approx. 5 miles), ranked #1 hospital in Greater Cincinnati and #3 in Ohio by U.S. News & World Report with over 6,500 employees, operates major inpatient and outpatient facilities throughout the metro area. Other notable systems include TriHealth (approx. 17 miles, 12,000+ employees) and UC Health (approx. 16 miles, 12,000 employees), both of which maintain large campuses and employ thousands of healthcare professionals, contributing significantly to regional daytime population/commuter traffic and consumer spending.

Employment in the immediate and surrounding area is supported by several major companies and institutions. Within a five-mile radius, key employers include The Kroger Company (420,000+ employees), University of Cincinnati (15,000 employees), Cincinnati Children’s Hospital Medical Center (19,500+ employees), Fifth Third Bank (18,600+ employees), and Procter & Gamble (109,000+ employees). These major employers, combined with a strong mix of education and healthcare professionals, sustain a steady flow of consumers throughout the Cincinnati MSA.

Altogether, Spring Hill Center benefits from a robust combination of population density, strong household incomes, and proximity to Cincinnati’s leading employers, universities, and hospitals. Its accessibility via major roadways, stable demographics, and location within a thriving metro make it an attractive opportunity for tenants and investors seeking long-term stability in a proven neighborhood retail corridor.

Investment highlights

  • Just Reduced to Attractive 8.20% CAP with Low $99/S.F. Asking Price

  • 100% Occupied, Dollar General (S&P BBB/Moody’s Baa3) Anchored Neighborhood Center with Desirable Service Oriented and Internet Resistant Tenants.

  • Selling for Far Below Replacement Costs with Expected Year 1 Cash-On-Cash Return of 11.05%

  • Significant Upside Available: Replaceable 5,000 SF Tenant at Far Below Market Rent on a Gross Lease Structure, Coupled with NOI Growth from Rental Increases from Multiple Tenants

  • Anchor Dollar General w/ 9+ Years of Term: 20,500 Locations in 48 States and Reported $40.61 Billion in Revenue for 2025, an Increase of 5% Over Previous Year

  • Strong Demographics: Approx. 173k People Within 5 Mile Radius & Average Household Incomes of $96k

  • 11 Miles to The University of Cincinnati: 53,600+ Students and 10,500+ Academic Staff/4,500+ Other Employees

  • Located Directly Across Taylor Elementary School (800 Students & Faculty) Providing Stable Daily Drive-by Traffic & Easy Access to U.S. Route 27 (36,700+ Vehicles Per Day) and I-275 (82,000+ Vehicles Per Day) from Springdale Road

  • Convenient Corner Location with Excellent Visibility and Two Prominent Pylon Signs

  • Located in Northwest Local School District, One of the Largest Districts in Hamilton County, Serving Over 9,000 Students Across 12 Schools, and Earned Recognition for its Academic Excellence & Career-Readiness Programs

  • All Four Portions of the Roof Replaced Between 2012 and 2019, with Transferrable Warranties

  • Located in Colerain Township, the 2nd Largest Township in the State Encompassing 42.7 Square Miles and Serving Nearly 60,000 Residents

  • Surrounded by Major Employers: The Kroger Company (420,000+ employees), University of Cincinnati (15,000 employees), Cincinnati Children’s Hospital Medical Center (19,500+ employees), Fifth Third Bank (18,600+ employees), and Procter & Gamble (109,000+ employees)

  • Desirable Suburban Community with Short Commute (13 Miles) to Downtown Cincinnati with Immediate Proximity to Several Colleges/Universities and Numerous Other High-Profile Companies

  • Less Than 2 Miles from Walmart, Meijer, Target and Multiple Other Retailers & Hotels

  • Largest Metro Area in the State and Positioned to Serve Commuters from Surrounding Suburbs and Nearby Schools

Listing Contacts

DC
OH 009003618
Cooper Commercial Investment Group
BH
OH SAL.2006007277
Cooper Commercial Investment Group
Listed by Cooper Commercial Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$222,301.00
$18,525.08/mo

Valuation Metrics

0
DSCR
8.2%
Cap Rate
8.2%
ROI

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