1915 Central Ave Middletown, OH 45044
Property Lookup
Property profile & analytics
1915 Central Ave Middletown, OH 45044
- Retail space
- 10,966 SF
- 1.55 lot acres
Property ID
US66-0089029
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 1915 Central Ave
- Year built
- 1999
- Lot size
- 1.55 lot acres
- Property size
- 10,966 SF
- Property type
- Retail space
- APN
- Q6532-028.000-100
- APU
- Q6532028000100
Description
This exceptional investment opportunity presents a fee-simple interest in an 11,180 square foot Dollar Tree, situated on a 1.55-acre lot at 1915 Central Ave, Middletown, OH 45044. The property boasts a brand-new, 10-year triple-net (NNN) lease commencing June 13, 2024, and expiring June 30, 2034, with four 5-year renewal options. The lease includes rent bumps of $0.50 per square foot in each option period. The tenant, Dollar Tree, is a credit-rated, corporate-guaranteed entity, ensuring a stable income stream. The property's asking price is $2,236,000, representing a price per square foot of $200 and a 7.00% cap rate based on a net operating income (NOI) of $156,520. Built in 1999 and renovated in 2024, this convenience/grocery store enjoys 100% occupancy and benefits from a high-traffic location on a hard corner, signalized intersection with over 19,700 vehicles passing daily. The property is strategically located near other retailers including O'Reilly Auto Parts, AutoZone, and Dollar General, and within a densely populated area with over 84,000 residents within a five-mile radius, including proximity to Middletown High School, Middletown Middle School, and Miami University Middletown.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Butler
- State
- Ohio
- Longitude
- -84.3911
- Latitude
- 39.5133
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,573
$80,260
$162,550
$242,810
-
$229,310
$464,420
$693,730
