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3100-3130 Springdale Rd
Cincinnati, OH 45251 Northgate

$2,675,000 USD

Storefront For Sale • 27,299 SF

Property Details

Property Type Storefront
Total Building Size 27,299 SF
Lot Size 2.16 AC
Building Class C
Year Built 1964
Cap Rate 8.20 %
Tenancy Multiple

0 Transit Score

45 Walk Score

                
                    Highlights
                
                                Just Reduced to Attractive 8.20% CAP with Low $98/S.F. Asking Price
                            
                                Dollar General Credit (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 Gross Lease Structure & Other Tenants with Rental Bumps
                            
                                Strong Demographics: Approx. 173k People Within 5 Mile Radius | Average Incomes of $96k & One of Largest School Districts in County (9,000 Students)
                            
                                Located Directly Across Taylor Elementary School (800 Students + Faculty) w/ Daily Drive-By Traffic & Easy Access to US Route 27(37k Vehicles Per Day)

Property Flyers

Full Marketing Package

Cap Rate:

8.20 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar General (S&B "BBB")	9,899 SF	1/1/2035

Amenities

Corner Lot
Dedicated Turn Lane
Pylon Sign
Security System
Signage
Signalized Intersection

Public Transportation

Airport	Drive	Walk	Distance
Cincinnati/Northern Kentucky International	50 min	-	26.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	170
Type:	Surface
Included in Rent:	Yes

Dan Cooper 440-915-7902 Cooper Commercial Investment Group

3100-3130 Springdale Rd Cincinnati, OH 45251 Northgate