Absolute NNN Ground Lease Retail
For Sale
Contact for pricing
20 S Tuttle Rd, Springfield, OH 45505
Absolute NNN ground lease with a new 5-year extension and multiple renewal options, plus 5% rental increases every 5 years.
Property Size6,141 SF
Price / SF$189.65
Days on Market119
Property Features for 20 S Tuttle Rd
General Information
Standard status
Active
Size
6,141 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Zack House · License #(S):AZ:SA665750000
(916) 532-6544
Source:
Moodyscre
Added: Jun 19
Changed: Oct 6
Last Checked: Oct 14 at 11:08PM
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 Marcus & Millichap | Phoenix
Investment Insights
Based on property information with market context.
This Absolute NNN ground lease property is offered for sale and includes a new 5-year extension, reflecting a continued commitment to the site. Rental terms call for 5% rental increases every 5 years, with multiple renewal options.
The property is positioned as an outparcel to a Walmart Supercenter. It also sits adjacent to approximately ±1,500 new single-family and multi-family homes in development, which may support long-term demand from a growing residential base.
The property size is 6,141 SF and is located at 20 S Tuttle Rd, Springfield, OH 45505.
The property is positioned as an outparcel to a Walmart Supercenter. It also sits adjacent to approximately ±1,500 new single-family and multi-family homes in development, which may support long-term demand from a growing residential base.
The property size is 6,141 SF and is located at 20 S Tuttle Rd, Springfield, OH 45505.
Key Highlights
- Absolute NNN ground lease structure
- New 5‑year lease extension
- 5% rental increases every 5 years with multiple renewal options
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 51%
Shops & Services 21%
Dining 20%
Electronics 4%
Walmart
Superstores
63,639 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
11,585 visits/mo
0.4 miles
SONIC Drive In
Dining
9,887 visits/mo
0.1 miles
Bob Evans Restaurant
Dining
9,298 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
5,274 visits/mo
0.1 miles
Demographics for 45505, OH
19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN ground lease with a new 5-year extension and multiple renewal options, plus 5% rental increases every 5 years.
Where is this nnn property located?
The property is located at 20 S Tuttle Rd Springfield, OH.
What is the asking price?
The asking price for this property is $1,164,633.
What are key features of this property?
This property features: Absolute NNN ground lease structure; New 5‑year lease extension; 5% rental increases every 5 years with multiple renewal options
