For Sale
$2,029,000

704 Harry Sauner RdHillsboro, OH 45133

100% Occupied, 5-Tenant Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a 10,196-square-foot shopping center in Hillsboro, Ohio, boasting 100% occupancy and a strong tenant base. The property, built in 2004, sits on a one-acre lot with ample paved parking and a double-sided monument sign for optimal visibility. All five tenants are on triple-net (NNN) leases, minimizing landlord responsibilities. The center is shadow-anchored by a Walmart Supercenter and Lowe's Home Improvement, benefiting from significant traffic generated by these major retailers. National and regional tenants include T-Mobile (recently renewed for five years with annual rent escalations), GameStop, and First State Bank, contributing to a stable income stream. The property enjoys a prime location on Harry Sauner Road, near the intersection with State Route 73, experiencing cumulative daily traffic counts exceeding 18,500 vehicles. The average household income within a ten-mile radius is over $62,000, indicating a robust consumer base. The asking price is $2,029,000, representing a compelling $199 per square foot and a 7.25% cap rate based on a Net Operating Income (NOI) of $147,137. Nearby retailers include Kroger, Advance Auto Parts, Tractor Supply, Family Dollar, Factory Connection, Sherwin Williams, and Dollar Tree, further enhancing the property's desirability and potential for future growth. This is a rare opportunity to acquire a high-performing, well-located retail center with a proven track record of success.

Highlights

  • 10,196-square-foot multi-tenant retail center in Hillsboro, Ohio.
  • 100% occupied with triple-net (NNN) leases.
  • Shadow-anchored by Walmart and Lowe's.
  • Strong tenant base; 68% national tenants, including T-Mobile, GameStop, and First State Bank.
  • T-Mobile recently signed a five-year lease renewal with annual rent increases.
  • One-acre site with ample parking and a double-sided monument sign.

Property Details for 704 Harry Sauner Rd

Property type
Lifestyle centers, Power centers
Square Feet
10,196 SF
Year Built
2004
Lot Size (sq. ft)
43,560 SF
Units
5

Location Insight

City
Hillsboro
County
Highland
State
Ohio
Latitude
39.2260297
Longitude
-83.6236605
704 Harry Sauner Rd, Hillsboro, Ohio

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704 Harry Sauner Rd
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