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2001 Main St Springfield, OH 45503

OFF-MARKET Retail space Google Maps
1,638 SF 0.18 ac lot Built 1968
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$750k
Range $675k – $825k (±10%)
Property ID US66-1289032

Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop situated on a 0.47-acre lot in Springfield, Ohio. Built in 2024, this single-story building boasts a prime location at the signalized intersection of E Main St and N Belmont Ave, benefiting from high visibility and significant daily traffic (30,500 vehicles). The property is strategically located near major retailers including Save-A-Lot, Family Dollar, Wingstop, and a Walmart Supercenter, ensuring strong consumer traffic and synergy. The absolute NNN lease with the franchisee, Brew Team OH, features a 15-year term with three 5-year options, each including a 10% rent increase. This provides a stable, long-term income stream with built-in inflation protection. The property offers 10 parking spaces and is zoned CC-2 Community Commercial District. With a 6.50% cap rate and a $90,000 annual net operating income (NOI), this represents a compelling investment opportunity with minimal landlord responsibilities. The asking price is $1,385,000, translating to $2,715.69 per square foot. The 5-mile trade area boasts a population exceeding 79,400, with an average household income of $70,249, further solidifying the investment's potential. This is a truly passive investment opportunity with a strong tenant and a secure lease structure.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Construction BRICK
Total area 1,638 SF
Lot 0.18 ac (7,811 SF)
APN 340-07-00023-314-057
UPID US66-1289032

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k

Owner & transaction history

since 2024
Last sale
$750,000
3 recorded transactions
2024
Price N/A
2024
$750,000
2002
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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