Listed by ParaSell Inc, Hanley Investment Group
$5,855,000
Springdale Pointe | Springdale, OH
Details
APN 05990020011300
Property Type Retail
Sub Type Storefront
Square Footage 11,210
Net Rentable (SqFt) 11,210
Cap Rate 7%
NOI $409,847
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $522
Broker Co-Op Yes
Year Built 2010
Buildings 1
Stories 1
Acreage 0.950
Ground Lease No
100% Occupied, 3-Tenant Retail Strip | Nationally Recognized Tenants; Long-Term Operating History
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Springdale_Pointe
Investment highlights
- 100% Occupied; 11,210 SF, Multi-Tenant Retail Strip Center:
- Strong national tenants, featuring corporate-guaranteed NNN Leases
- All original tenants in shopping center with 15+ years of operating history and recent lease extensions
- Existing national tenants include:
- Aspen Dental: Original lease from 2011; exp. 2031
- Vitamin Shoppe: Original lease from 2010; exp. 2030
- Verizon: Original lease from 2011; exp. 2031
- Premier Visibility Along Primary Retail Corridor:
- Signalized High-Traffic Intersection: Subject property is strategically positioned along E Kemper Rd and Princeton Pike, benefiting from traffic counts exceeding 75,000 VPD
- Surrounded by Dominant National Retailers: The immediate trade area includes Best Buy, Chipotle, Starbucks, Culver’s, Sam’s Club, Target, ALDI, Chick-fil-A, Raising Cane’s, Lowe’s, TJ Maxx, Burlington, Arby’s, Dunkin, Jimmy John’s, and McDonald’s
- Dense & Affluent Demographics: 150,000 people with average household incomes of $104,000 within a 5-mile radius
- Surrounding Development Momentum: The asset is located adjacent to City Center Springdale, a transformative mixed-use development featuring 2,600 residential units, two hotels, 150,000 SF of retail space, and a medical office, further enhancing long-term growth and traffic
- Proximity to Downtown Cincinnati: Located just over 10 miles from downtown, the property benefits from direct access to one of the region’s busiest commuter corridors, providing consistent daily traffic from both residents and transient customers
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$409,847.00
$34,153.92/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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