Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
Property Details for 10551 Loveland Madeira Rd
- Year built
- 2017
- Lot size
- 1.35 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 9,781 square foot retail center in Loveland, Ohio, presents a compelling investment opportunity. Located at 10551 Loveland Madeira Rd, 45140, this fee-simple property boasts a 6.67% cap rate and a strong net operating income (NOI) of $279,104. Built in 2017 on a 1.35-acre lot, the single-story building is currently 100% occupied by five national tenants: Starbucks, Chipotle, Sport Clips, BodyAlive, and Petcare Animal Hospital. These tenants operate under net leases, with staggered expiration dates extending through March 31, 2032, providing lease stability and predictable income. The lease terms include rent bumps, with a structure of 10% increases over five years, followed by 12% increases over another five years, and then 3% annual increases. Additional lease options are available, offering further long-term growth potential. The property benefits from excellent visibility and accessibility, situated within a thriving retail corridor in a densely populated and affluent area. This is a rare opportunity to acquire a high-performing, multi-tenant retail center with a diverse tenant mix and significant remaining lease term of 7.4 years. The asking price is $4,575,000, translating to a price per square foot of $467.74. The property's strong tenant lineup, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The Hamilton County location and APN 621-0022-0007 further identify this property.
Value Estimations
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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
- -84.2969
- Latitude
- 39.2511
