Listed by NAI Bergman
$700,000
1251 Nilles Road
Details
Property Type Office
Sub Type Office condo
Square Footage 5,826
Cap Rate 10.91%
Tenancy Single
Class B
Acreage 0.080
Investment Type Net Lease
About This Property
Marketing description
This true triple-net (NNN) investment delivers $76,430 in annual net income at a near 11% cap rate — a combination that is increasingly difficult to find in today's market. The tenant has occupied this location for 20 years, just renewed for an additional 3+ year term, and operates this site as their headquarters for a 12-location Ohio operation. Opportunities combining this level of yield and tenant stability are rarely available — qualified buyers are encouraged to reach out for additional information.
Investment highlights
- Triple-net (NNN) lease structure
- 10.91% capitalization rate
- $76,430 annual net income
- 20-year tenant occupancy history
- Just renewed their lease for 3+ years
- Tenant headquarters; 12 Ohio locations
- Mindfully Mental Health — 4 states, expanding
- Fairfield, Butler County — Greater Cincinnati
- High-traffic Nilles & Winton Road intersection
- Minutes from I-275, I-75, and I-71
Listing Contacts
Listed by NAI Bergman
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