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Neighborhood Retail Shopping Center
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621-675 N University Blvd, Middletown, OH 45042

Shopping center anchored by long-tenured Needler’s Market and Dollar General, with current 55% occupancy and multiple vacant units.

Property Size76,657 SF
Days on Market288

Property Features for 621-675 N University Blvd

General Information

Standard status Active
Size 76,657 SF
Property subtype RETAIL
Occupancy 55%
Listing Agency: Colliers
Listed By: Jack Melton
Source: Moodyscre
Added: Nov 28, 2025 Changed: Aug 13 Last Checked: Sep 11 at 7:46AM

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 Colliers

Investment Insights

Based on property information with market context.

This neighborhood retail shopping center includes long-term anchors Needler’s Market and Dollar General, each in place for nearly 40 years. The property currently operates at approximately 55% occupancy, producing stated NOI of $127,659.66.

Vacant spaces include former CVS and NAPA Auto Parts, reflecting prior interest from national credit tenants. The center is situated along N University Boulevard, a main corridor in Middletown, Ohio, positioned between Cincinnati and Dayton.

With multiple vacancies available for lease-up, the property offers a straightforward path to improving occupancy and increasing NOI through tenant re-leasing and stabilization.

Key Highlights

  • Shopping center anchored by Needler’s Market (SpartanNash) and Dollar General, each in place for nearly 40 years
  • Current 55% occupancy with NOI of $127,659.66
  • Vacant units include former CVS and NAPA Auto Parts, indicating prior national‑credit tenant demand

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store Gym & Fitness Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

55%
Occupancy

Location Intelligence

Trade Area within ½ mile

380
Businesses Nearby
Balanced
Demand for This Use

Demographics for 45042, OH

26,972
Population
12,324
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
91%
High-School Grad
49.2 sq mi
ZIP Area
548
Density / Sq Mi
$66,732
Median Household Income
$41,800
Median Earnings
$950
Median Rent
$192,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center anchored by long-tenured Needler’s Market and Dollar General, with current 55% occupancy and multiple vacant units.
Where is this shopping center located?
The property is located at 621-675 N University Blvd Middletown, OH.
What are key features of this property?
This property features: Shopping center anchored by Needler’s Market (SpartanNash) and Dollar General, each in place for nearly 40 years; Current 55% occupancy with NOI of $127,659.66; Vacant units include former CVS and NAPA Auto Parts, indicating prior national‑credit tenant demand
(248) 226-1656 Call to check price and availability
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