AmeriStop Strip Center For Sale

3385 Springdale Rd, Cincinnati, OH

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For Sale

Contact for pricing

Retail strip center in excellent condition with renewed tenants.

Type:RETAIL

Property size:

7,250 SF

Lot size:

1.78 Acres

Price / SF:

$210/SF

HighLights

AmeriStop and Papa John's: Recently renewed leases ensure stable income.
High visibility location in front of large apartment complex and across from a newly built nursing home and extended care facility.
Strip center is in excellent shape with no deferred maintenance.
Features a large parking lot.
Good location.
Part of a package sale.

We can help!

Listing Contact

Chip Sudbrack

For Sale

Contact for pricing

Retail strip center in excellent condition with renewed tenants.

Type:RETAIL

Property size:

7,250 SF

Lot size:

1.78 Acres

Price / SF:

$210/SF

Added:: Jun 11, 2024
Days on Market:: 741
Last Refresh:: May 19 at 10:20 pm

Property Features for 3385 Springdale Rd

General Information

Standard status: Active
Size: 7,250 SF
Lot size: 1.78 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Chip Sudbrack

Listing agent Chip Sudbrack

Listing office Sudbrack | Kron Commercial Real Estate Services

Listing date Jun 11, 2024

Source Moodyscre

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 Sudbrack | Kron Commercial Real Estate Services

HighLights

AmeriStop and Papa John's: Recently renewed leases ensure stable income.
High visibility location in front of large apartment complex and across from a newly built nursing home and extended care facility.
Strip center is in excellent shape with no deferred maintenance.
Features a large parking lot.
Good location.
Part of a package sale.

Overview

This property is an AmeriStop strip center located in front of a large apartment complex and across from a newly built nursing home and extended care facility. The property is in excellent shape with no deferred maintenance and features a large parking lot. Current tenants AmeriStop and Papa John's have recently renewed their leases. The property size is 7,250 square feet. This property is being sold as part of a package.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$130.5k	$18.00
− Vacancy	−$11.1k	−$1.53
EGI	$119.4k	$16.47
− OpEx	−$35.8k	−$4.94
NOI	$83.6k	$11.53

7,250 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,585 @ 7.0% cap · market cap 5.48%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,884 @ 7.0% cap · market cap 6.62%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Ameristop Food Mart Grocery & Convenience Store Coin Cloud Bitcoin ... Kiosk

Suggested Use

Location Insight

Map
Local Demand

City: Cincinnati
County: Clermont
State: Ohio
Longitude: -84.5898
Latitude: 39.2532

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For sale
Strip malls
OH
Cincinnati
3385 Springdale Rd

What type of property is this?

Strip mall - Retail strip center in excellent condition with renewed tenants.

Where is this strip mall located?

The property is located at 3385 Springdale Rd Cincinnati, OH.

What is the asking price?

The asking price for this property is $1,525,000.

What are key features of this property?

This property features: AmeriStop and Papa John's: Recently renewed leases ensure stable income.; High visibility location in front of large apartment complex and across from a newly built nursing home and extended care facility.; Strip center is in excellent shape with no deferred maintenance.

3385 Springdale Rd, Cincinnati, OH

Retail strip center in excellent condition with renewed tenants.

Property Features for 3385 Springdale Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Office and Warehouse Facility

Office Building with Private Parking

Office Complex with Triple-Net Tenants

Office/Warehouse Building

Two-Story Retail Building with Dollar General

Turnkey Boat & RV Storage

Oakley Triplex Investment Opportunity

Renovated Quadplex with Mix

Italianate Duplex with Separate Utilities

Brick Mixed-Use Triplex Building

Brick Mixed-Use Triplex Building

Mixed-Use Investment in Walnut Hills

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