6238 Far Hills Ave Centerville, OH 45459
Property profile & analytics
6238 Far Hills Ave, Centerville, OH 45459
- Retail properties & Spaces
- 1,664 SF
- 0.71 lot acres
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 6238 Far Hills Ave
- Year built
- 2024
- Lot size
- 0.71 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a brand-new, 15-year NNN ground lease for a Valvoline auto shop located at 6238 Far Hills Ave, Centerville, OH 45459. The 1,664 square foot building, constructed in 2024, sits on a 0.707-acre lot and boasts a 100% occupancy rate with a corporate guarantee from Valvoline Inc. The lease features four five-year renewal options, each with a 10% rent increase. The property generates a strong NOI of $97,500, representing a 5.55% cap rate and a price per square foot of $1,055.89. The asking price is $1,757,000. Situated on a primary north-south corridor with high traffic counts (Far Hills Ave: 36,226 ADT
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centerville
- County
- Montgomery
- State
- Ohio
- Longitude
- -84.1569
- Latitude
- 39.6548
