4136 OH-276, Batavia, OH
NNN leased Family Dollar with corporate guarantee and options.
- Added:
- May 7, 2024
- Days on Market:
- 769
- Last Refresh:
- May 20 at 8:21 pm
Property Features for 4136 OH-276
General Information
- Standard status
- Active
- Size
- 9,180 SF
- Lot size
- 1.95 Acres
- Property subtype
- RETAIL
Listing agent Alex Van Krevel License #SAL.2018001867
Listing office Passov Real Estate Group (216) 831-8100
Listing date May 7, 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 Passov Real Estate Group
HighLights
- True corporate guarantee from Family Dollar Stores, Inc (S&P BBB credit)
- 6.7 years remaining on lease
- NNN lease structure
- 5% increases every 5 years in options
- Positioned on a hard corner signalized intersection directly off of Hwy 32 which sees 57,000 vehicles per day
- 2020 construction
Overview
Local 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 | $137.7k | $15.00 |
| − Vacancy | −$10.3k | −$1.13 |
| EGI | $127.4k | $13.88 |
| − OpEx | −$38.2k | −$4.16 |
| NOI | $89.2k | $9.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Batavia
- County
- Clermont
- State
- Ohio
- Longitude
- -84.1902
- Latitude
- 39.1226
