4785 Dixie Hwy Fairfield, OH 45014
- Lifestyle centers
- 96,313 SF
- 7.95 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 4785 Dixie Hwy
- Year built
- 1956
- Lot size
- 7.95 lot acres
- Property size
- 96,313 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents Cornerstone Plaza, a fully occupied, multi-tenant retail center located at 4785 Dixie Hwy in Fairfield, Ohio (Cincinnati MSA). The 96,313 square foot building, situated on 7.95 acres, boasts 11 tenants under net leases with CAM reimbursements, ensuring a stable income stream. Built in 1956 and extensively renovated in 2024, the property offers 13 suites and enjoys a prime retail location with incredibly high visibility and convenient access. The center benefits from substantial traffic, with over 27,200 vehicles passing daily, and a strong local presence. The surrounding area is densely populated, with over 168,400 residents and an average household income exceeding $93,600 within a 5-mile radius. The current net operating income (NOI) is $644,017, yielding an attractive 8.23% cap rate. The asking price is $7,827,960, translating to $81.28 per square foot. With a remaining lease term of 14 years and below-market rent of $7.05 per square foot, this property presents significant upside potential for future rent increases. This is a rare opportunity to acquire a high-performing, stable retail investment in a thriving market. The property's strong tenant base, coupled with its strategic location and recent renovations, makes it an ideal addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Butler
- State
- Ohio
- Longitude
- -84.5417
- Latitude
- 39.3467
