1064 Oh-28, Milford, OH 45150

Property Details for 1064 Oh-28

Year built

2008

Lot size

1.25 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 12,000-square-foot retail center in Milford, Ohio, presents a stabilized investment opportunity with a 7.00% cap rate. The property boasts a prime location on State Route 28, benefiting from high visibility and traffic volume exceeding 41,607 vehicles per day. Currently 100% occupied by six tenants, including AT&T, Mercy Health, Tropical Smoothie Cafe, Marco's Pizza, GameStop, and Clarkson Eyecare, this multi-tenant building offers a diverse and complementary tenant mix under landlord-favorable net leases with remaining lease terms averaging 4.4 years. The strong tenant roster includes several national brands, four of which have operated at this location for over a decade, demonstrating exceptional tenant loyalty and stability. The property is strategically situated as a direct outlot to major retailers Meijer and Home Depot, further enhancing its appeal and drawing from a robust customer base. The surrounding area features a dense population of over 75,768 residents within a five-mile radius, boasting an average household income exceeding $134,100. Built in 2008, this single-story building sits on a 1.25-acre lot and includes 67 parking spaces. The property's strong demographics, high occupancy rate, and desirable location make it an attractive investment opportunity with a substantial net operating income (NOI) of $293,598. The property's proximity to other national retailers like Kroger, Aldi, Lowe's, Planet Fitness, Kohl's, Panera Bread, Wendy's, and White Castle further solidifies its position within a thriving retail corridor. This is a rare opportunity to acquire a well-established, high-performing retail center in a prime location.

Location Insight

City

Milford

County

Clermont

State

Ohio

Longitude

-84.2383

Latitude

39.1946