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1251 Nilles Rd
Fairfield, OH 45014

$695,000 USD

Medical Condo For Sale  •  5,826 SF

Property Details

  • Property Type Medical
  • Total Building Size 6,000 SF
  • Lot Size 0.18 AC
  • Building Class B
  • Year Built 1980
  • Tenancy Multiple
  • Zoning C2, Fairfield
0 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 4-5 Office 5,826 SF $695,000 USD
  • Unit Size: 5,826 SF
  • Condo Use: Office
  • Price: $695,000 USD
  • Sale Type: Investment
  • Price/SF: $119.29 USD

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 6-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.

Highlights

10.99% capitalization rate
$76,430 annual net income
20-year tenant occupancy history
Just renewed their lease for 3+ years
Tenant headquarters; 12 Ohio locations
High-traffic Nilles & Winton Road intersection

Property Flyers

Public Transportation

AirportDriveWalkDistance
Cincinnati/Northern Kentucky International 60 min - 36.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Tom Zipperstein 513-549-2679 NAI Bergman
Tom Zipperstein 513-549-2679 NAI Bergman