Neighborhood Shopping
1277 N Fairfield Rd, Beavercreek, OH 45432
For Sale
Contact for pricing
A multi-tenant retail center with full occupancy and NNN leases.
Property Size30,007 SF
Price / SF$188.42
Days on Market43
Property Features for 1277 N Fairfield Rd
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Black Gate Partners
Listed By:
Tim Maly · License #2012003020
(614) 358-2089
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 4:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Gate Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 30,007-square-foot neighborhood shopping center is fully leased to 17 tenants, with all leases structured as NNN. The property is an unanchored retail center serving a neighborhood-scale trade area.
The center occupies the signalized intersection of N Fairfield Rd and Dayton-Xenia Rd in Beavercreek, an eastern suburb of Dayton. Kroger is across the intersection, while Panera, CVS, and Marion’s Pizza are also located at the intersection.
The center occupies the signalized intersection of N Fairfield Rd and Dayton-Xenia Rd in Beavercreek, an eastern suburb of Dayton. Kroger is across the intersection, while Panera, CVS, and Marion’s Pizza are also located at the intersection.
Key Highlights
- 30,007 SF retail center
- Fully leased to 17 tenants
- All tenant leases are NNN
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,112
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,662,240
$5.7M
Cap Rate 7%
$4,044,457
$4.0M
Cap Rate 9%
$3,145,689
$3.1M
Market Conditions
NOI Build-Up for 30,007 SF
Gross rent
$432.1K $14.40/SF
− Vacancy
−$27.7K −$0.92/SF
EGI
$404.4K $13.48/SF
− OpEx
−$121.3K −$4.04/SF
NOI
$283.1K $9.43/SF
Area
Greene County, OH
Vacancy
6.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,662,240
Cap Rate 7%
$4,044,457
Cap Rate 9%
$3,145,689
Alternative Uses
Best Use
Retail
$4.04M
$3.54M – $4.72M
NOI $283,112 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$5.64M
$4.94M – $6.58M
NOI $394,948 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
PNC Bank
Shops & Services
5,381 visits/mo
0.3 miles
Papa John's Pizza
Dining
4,068 visits/mo
0.3 miles
Demographics for 45432, OH
15,105
Population
6,715
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
2,127
Density / Sq Mi
$83,323
Median Household Income
$47,428
Median Earnings
$871
Median Rent
$181,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Cincinnati, 3165 Dayton Xenia Rd, Beavercreek, OH 45434
Frequently Asked Questions
What type of property is this?
Shopping center - A multi-tenant retail center with full occupancy and NNN leases.
Where is this shopping center located?
The property is located at 1277 N Fairfield Rd Beavercreek, OH.
What is the asking price?
The asking price for this property is $5,654,050.
What are key features of this property?
This property features: 30,007 SF retail center; Fully leased to 17 tenants; All tenant leases are NNN
