4785 Dixie HwyFairfield, OH 45014

For Sale
$7,827,960

High-Yield Retail Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents Cornerstone Plaza, a fully occupied, multi-tenant retail center located at 4785 Dixie Hwy in Fairfield, Ohio (Cincinnati MSA). The 96,313 square foot building, situated on 7.95 acres, boasts 11 tenants under net leases with CAM reimbursements, ensuring a stable income stream. Built in 1956 and extensively renovated in 2024, the property offers 13 suites and enjoys a prime retail location with incredibly high visibility and convenient access. The center benefits from substantial traffic, with over 27,200 vehicles passing daily, and a strong local presence. The surrounding area is densely populated, with over 168,400 residents and an average household income exceeding $93,600 within a 5-mile radius. The current net operating income (NOI) is $644,017, yielding an attractive 8.23% cap rate. The asking price is $7,827,960, translating to $81.28 per square foot. With a remaining lease term of 14 years and below-market rent of $7.05 per square foot, this property presents significant upside potential for future rent increases. This is a rare opportunity to acquire a high-performing, stable retail investment in a thriving market. The property's strong tenant base, coupled with its strategic location and recent renovations, makes it an ideal addition to any investment portfolio.

Highlights

  • 96,313 SF retail building with 13 suites.
  • Prime retail location in Fairfield, OH (Cincinnati MSA).
  • Over 168,400 residents within a 5-mile radius.
  • Average household income exceeding $93,600 within a 5-mile radius.
  • Fully occupied retail center with high visibility and convenient access.
  • Over 27,200 vehicles per day past the property.

Property Details for 4785 Dixie Hwy

Property type
Lifestyle centers, Power centers
Square Feet
96,313 SF
Year Built/Renovated
1956/2024
Lot Size (sq. ft)
346,302 SF

Location Insight

City
Fairfield
County
Butler
State
Ohio
Latitude
39.346727944314
Longitude
-84.541721192316
4785 Dixie Hwy, Fairfield, Ohio

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4785 Dixie Hwy
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