Single-Tenant Retail NNN
3822 Springfield Xenia Road Springfield, OH 45506
For Sale
$1,179,000
SINGLE_FAMILY - Springfield, OH
Property Size10,860 SF
Lot Size6.12 Acres
Price / SF$108.56
Days on Market167
Property Features for 3822 Springfield Xenia Road
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
APN
3000600007000076
Size
10,860 SF
Lot size
6.12 Acres
Utilities
Utilities
Water Available
Sewer type
Private Sewer
Heating system
Forced Air
Water source
Well
Building Details
Year built
1997
Listing Agency:
Keller Williams Greater Cols
(614) 944-5900
Listed By:
Martha D Hunley · License #450518
(614) 314-5555
Added: Feb 12
Changed: Jul 27
Last Checked: Jul 29 at 2:06AM
MLS# 226004086
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A single-tenant Dollar General NNN retail property offering a 10,860-square-foot building on 6.12 acres of commercial land. The current structure is leased on a net-lease basis, with 6 years remaining on the initial lease term. The tenant is a national credit retailer paying $87,889.08 annually, and the lease includes four renewal options with 10% rent increases.
The property is located at 3822 Springfield Xenia Road, Springfield, OH 45506, in Clark County. Landlord responsibilities are limited to the exterior and parking lot.
From a lease standpoint, this is an income-focused offering with built-in rent growth through the renewal options, designed for investors seeking predictable cash flow tied to a proven retailer.
The property is located at 3822 Springfield Xenia Road, Springfield, OH 45506, in Clark County. Landlord responsibilities are limited to the exterior and parking lot.
From a lease standpoint, this is an income-focused offering with built-in rent growth through the renewal options, designed for investors seeking predictable cash flow tied to a proven retailer.
Key Highlights
- 10,860 sq ft Dollar General on 6.12 acres of commercial land
- National credit tenant on a NNN lease paying $87,889.08 annually
- 7.45% cap rate reported with 6 years remaining on the initial lease term
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $5.80 |
| − Vacancy | −$2.3k | −$0.21 |
| EGI | $60.7k | $5.59 |
| − OpEx | −$18.2k | −$1.68 |
| NOI | $42.5k | $3.91 |
10,860 SF · lease $5.80/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$607.3K
$531.4K – $708.6K
NOI $42,513 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.53M
NOI $212,042 @ 7.0% cap · market cap 17.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Dollar General single-tenant retail property on 6.12 acres with landlord exterior and parking lot responsibilities.
Where is this nnn property located?
The property is located at 3822 Springfield Xenia Road Springfield, OH.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: 10,860 sq ft Dollar General on 6.12 acres of commercial land; National credit tenant on a NNN lease paying $87,889.08 annually; 7.45% cap rate reported with 6 years remaining on the initial lease term
