8139 Old Troy PikeHuber Heights, OH 45424

For Sale
$4,400,000

High-yield, corporate-guaranteed lease.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a 23,942 square foot Staples storefront located at 8139 Old Troy Pike, Huber Heights, Ohio 45424. The property, built in 2000 and renovated in 2018, sits on a 2.1-acre lot within a thriving 1.2 million square foot retail corridor, anchored by major national brands including Marshalls, Dollar Tree, PetSmart, Famous Footwear, and Lowe's. The property boasts a strong location with high visibility and traffic counts, minutes from Interstate 70 and an international airport. The current lease, a triple-net (NNN) agreement with a corporate guarantee from Staples, commenced August 30, 2022, and has a remaining term of approximately 2.8 years, with three (5) year renewal options. The asking price is $4,400,000, representing a price per square foot of $48.10 and a 6.12% cap rate based on a net operating income (NOI) of $269,347. The property features a single-story building with 91,476 total square feet and is zoned for commercial use. The lease includes rent bumps, offering further investment security. This stabilized investment provides a low-management, high-return opportunity with a strong national tenant and a proven track record. The property's APN is P70 02025 0007. This is a 1031 exchange eligible property.

Highlights

  • Fee-simple ownership of a 23,942 SF Staples storefront in Huber Heights, OH.
  • 2.1-acre lot in a thriving retail corridor anchored by national brands.
  • NNN lease with corporate guarantee, 2.8 years remaining, three 5-year renewal options.
  • Asking price: $4,400,000 ($183.78 PSF, 6.12% cap rate).
  • 2000 construction, renovated in 2018, roof replaced in 2018.

Property Details for 8139 Old Troy Pike

Property type
Other retail properties, Individual retail properties
Square Feet
91,476 SF
Class
B
Year Built/Renovated
2000/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
91,476 SF
Units
1

Location Insight

City
Huber Heights
County
Montgomery
State
Ohio
Latitude
39.8714102
Longitude
-84.1387315
8139 Old Troy Pike, Huber Heights, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8139 Old Troy Pike
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message