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432-634 S Burnett Rd
Springfield, OH 45505 Springfield

$3,145,000 USD

General Retail For Sale  •  114,475 SF

Property Details

  • Property Type General Retail
  • Total Building Size 84,335 SF
  • Lot Size 11.84 AC
  • Building Class B
  • Year Built 1960
  • Cap Rate 6.50 %
  • Tenancy Multiple
50 Walk Score

Highlights

Neighborhood Retail Center: 67% Occup: Long-Term, Tenured National Tenants, Including Credit Anchor AutoZone (S&P BBB) , Family Dollar & Ace Hardware
Significant Upside: Extremely Low $37/S.F. Asking Price & Easily Replaceable Avg. Rents of Only $6.04/SF w/ Significant Additional Leasing Upside
$2,060,000 in Upside Value @ Stabilized 8.00% CAP Rate (Assuming 93% Occup.) Estimated $210,000+ Increase to NOI, Not Including Addl. Outlot Value
Strong Reported Store Sales & Multiple Parceled Outparcel Development Opportunities Included with Sale
Ideal Demographics: Average Household Incomes of $78,000 Within a 5-Mile Radius and Direct Access to Large Population Base (76,000+ People in 5 Miles)
3 Miles to Wittenburg University: 1,500+ Students & Faculty Combined, Contributing to the Center’s Daily Daytime Traffic

Property Flyers

Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Ace Hardware 21,000 SF 5/1/2030
Antonio Wireless 640 SF
AutoZone (S&P BBB) 8,067 SF 4/1/2036
El Comal Mexican Restuarant 1,440 SF
El Gran Sol Grocery 2,400 SF
Family Dollar 10,660 SF 1/1/2031
Mr. Appliance 1,967 SF
Rent-A-Center 4,200 SF 11/1/2031
Show Place Rent to Own 5,000 SF 10/1/2032
T&M Pool & Spas 665 SF

Amenities

  • Dedicated Turn Lane
  • Restaurant
  • Signage
  • Signalized Intersection
  • Monument Signage

Public Transportation

AirportDriveWalkDistance
James M Cox Dayton International 39 min - 29.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 500
Type: Surface
Included in Rent: Yes
Dan Cooper 440-915-7902 Cooper Commercial Investment Group
Dan Cooper 440-915-7902 Cooper Commercial Investment Group