1470 N Bridge St, Chillicothe, OH 45601
- Outlet malls
- 172,046 SF
- 21.06 lot acres
Current Use by Public Records
- Ashley Hendricks / Physician
- Matthew Weaver / Physician
- Alandra Howard / Physician
- Codee Mash / Physician
- Rural King / Big Box & Wholesale Store / Agricultural Supply
Property Details for 1470 N Bridge St
- Year built
- 1994
- Lot size
- 21.06 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 30-54-61-045.000
- APU
- 305461045000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 9, 2024 | — | Rural King Realty LLC | — | Deed · related | $30k · Umb Bank NA |
| Jul 5, 2022 | $1,500,000 | Wild Partners | Rural King Realty LLC | Limited Warranty Deed | — |
| Mar 8, 2022 | — | Rural King Realty LLC | — | Deed · related | $3.9M · Umb Bank NA |
| Apr 6, 2021 | $1,300,000 | Primary Aim LLC | Rural King Realty LLC | Limited Warranty Deed | — |
| Nov 17, 2020 | — | Rural King Realty LLC | — | Deed · related | $4k · Umb Bank NA |
| Mar 4, 2019 | — | Rural King Realty LLC | — | Deed · related | $3.9M · Umb Bank NA |
| Sep 4, 2018 | — | Rural King Realty LLC | — | Deed · related | $3.8M · Old National Bank |
| Jul 30, 2018 | $4,700,000 | Rural King Realty LLC | Src Facilities LLC | Grant Deed | — |
| Mar 22, 2018 | — | Src Facilities LLC | Src Facilities Sta 2003-a | Quit Claim Deed | $200M · Ubs Ag Stamford Br |
| Mar 7, 2017 | — | Src Facilities Statutory Trust #200 | Kmart Corporation | Limited Warranty Deed | $12.9M · Wells Fargo Bank NA |
| Feb 24, 2006 | $14,023,800 | Kmart Corp | Api Properties 392 | Warranty Deed | — |
| Oct 4, 2005 | $500,000 | Api Properties 392 LLC | Remaindermart Trust | Grant Deed | — |
| Oct 4, 2005 | $13,500 | Api Properties 392 LLC | Philip Morris Capital Corp | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a fee-simple, Class A retail property totaling 72,010 square feet situated on a 6.2-acre lot in Chillicothe, Ohio. The property boasts 100% occupancy with two prominent tenants: Adena Health System, occupying 49,366 square feet with nine years remaining on their lease, and Ashley HomeStore, commencing a ten-year lease in Fall 2023. The property features an attractive, modern storefront design and benefits from a strong regional draw, serving a population of approximately 77,000 people. Its strategic location is adjacent to a 94,000-square-foot Rural King retail store, acting as a significant shadow anchor. The property is surrounded by a robust mix of national retailers and restaurants, including Walmart, Lowe's, Kohl's, Sam's Club, and many more, ensuring high visibility and foot traffic. The property's Net Operating Income (NOI) is $493,096, resulting in an attractive 8.50% cap rate. The asking price is $5,801,000, translating to $80.56 per square foot. The building, constructed in 2023, consists of one single-story structure with two units. This stabilized medical/retail investment offers a compelling combination of strong tenants, high occupancy, and a prime location in a thriving commercial area. The average lease term remaining is 9.5 years, providing long-term stability and predictable cash flow.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,340,000
- ML approach
- $1,415,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chillicothe
- County
- Ross
- State
- Ohio
- Longitude
- -82.9793
- Latitude
- 39.3656
- CBSA code
- 17060
- CBSA name
- CHILLICOTHE, OH MICROPOLITAN STATISTICAL AREA
