Listed by Irongate Inc. Commercial
$595,000
4-12 E State Street
Details
Property Type Retail
Sub Type Strip Center
Square Footage 3,873
Units 2
Cap Rate 9.80%
Lease Type Modified
Year Built 1987
Acreage 0.140
Ground Lease No
Retail | 9.80% CAP | 3,873 SqFt
Marketing description
Strong, 100% occupied retail strip offering investors immediate cash flow and stability with a 9.8% capitalization rate.
- Fully leased
- Long-term, successful Chinese restaurant operating profitably since 2019
- New lease Indian restaurant operator
- Highly visible signalized corner location on East State Street (SR 73) with excellent frontage and access
- Dense, growing trade area: over 297,000 residents within a 10-mile radius (some demographic sources cite 300,000+)
This turn-key, hassle-free investment delivers strong in-place income, credit tenancy, and limited near-term vacancy risk in one of Southwest Ohio’s steadily expanding markets. Ideal for 1031 exchange buyers or investors seeking stable cash flow from essential-service retail.
Investment highlights
- Fully leased retail strip
- 9.8% cap
- Highly visible signalized corner location
- Excellent frontage and access
- Well-maintained building
- Over 297,000 residents within a 10-mile radius
- Long-term Chinese restaurant tenant
- New lease with Indian restaurant tenant
- This turnkey, hassle-free investment delivers strong in-place income, ideal for 1031 Exchange buyers or investors seeking stable cash flow from essential-service retail
- Prime Investment Fully Leased Retail Strip
Listing Contacts
Listed by Irongate Inc. Commercial
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