9570 Fields Ertel RdLoveland, OH 45140

For Sale
$9,361,578

Ohio Net Lease, Strong Returns

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple interest in a 128,506-square-foot At Home retail property situated on a 13.74-acre lot in Loveland, Ohio. The property, built in 2000 and renovated in 2019, boasts a single-story building operating under a 15-year absolute NNN lease (with 12.4 years remaining) commencing March 25, 2022, and expiring March 31, 2037. The lease includes four 5-year renewal options and features a 2% annual rent increase, ensuring consistent income growth. The current annual net operating income (NOI) stands at $865,946, yielding a 9.25% cap rate on the $9,361,578 asking price. The property's location in Hamilton County, Ohio, offers access to a dense and affluent demographic. This passive investment asset provides long-term cash flow with minimal landlord responsibilities, making it an attractive opportunity for discerning investors. The property's APN is 620-0070-0002-00

Highlights

  • Long-Term Net Lease with Absolute NNN terms.
  • Strong demographics with dense, affluent population.
  • Desirable annual rent escalations.
  • Tenant is an expanding national retailer.

Property Details for 9570 Fields Ertel Rd

Property type
Other retail properties, Individual retail properties
Square Feet
128,506 SF
Year Built/Renovated
2000/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
598,514 SF

Location Insight

City
Loveland
County
Hamilton
State
Ohio
Latitude
39.2907863
Longitude
-84.2948411
9570 Fields Ertel Rd, Loveland, Ohio

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9570 Fields Ertel Rd
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