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Property profile & analytics
OFF-MARKET
Lifestyle centers

1064 Oh-28 Milford, OH 45150

12,000 SF 1.25 ac lot Built 2008
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 2008
Total area 12,000 SF
Lot 1.25 ac (54,450 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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