9570 Fields Ertel Rd Loveland, OH 45140
- Retail properties
- 128,506 SF
- 13.74 lot acres
Current Use by Public Records
- At Home / Picture Frame Shop / Rug Store
Property Details for 9570 Fields Ertel Rd
- Year built
- 2000
- Lot size
- 13.74 lot acres
- Property size
- 128,506 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple interest in a 128,506-square-foot At Home retail property situated on a 13.74-acre lot in Loveland, Ohio. The property, built in 2000 and renovated in 2019, boasts a single-story building operating under a 15-year absolute NNN lease (with 12.4 years remaining) commencing March 25, 2022, and expiring March 31, 2037. The lease includes four 5-year renewal options and features a 2% annual rent increase, ensuring consistent income growth. The current annual net operating income (NOI) stands at $865,946, yielding a 9.25% cap rate on the $9,361,578 asking price. The property's location in Hamilton County, Ohio, offers access to a dense and affluent demographic. This passive investment asset provides long-term cash flow with minimal landlord responsibilities, making it an attractive opportunity for discerning investors. The property's APN is 620-0070-0002-00
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Loveland
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.2948
- Latitude
- 39.2908
