704 Harry Sauner Rd Hillsboro, OH 45133
This exceptional investment opportunity presents a 10,196-square-foot shopping center in Hillsboro, Ohio, boasting 100% occupancy and a strong tenant base. The property, built in 2004, sits on a one-acre lot with ample paved parking and a double-sided monument sign for optimal visibility. All five tenants are on triple-net (NNN) leases, minimizing landlord responsibilities. The center is shadow-anchored by a Walmart Supercenter and Lowe's Home Improvement, benefiting from significant traffic generated by these major retailers. National and regional tenants include T-Mobile (recently renewed for five years with annual rent escalations), GameStop, and First State Bank, contributing to a stable income stream. The property enjoys a prime location on Harry Sauner Road, near the intersection with State Route 73, experiencing cumulative daily traffic counts exceeding 18,500 vehicles. The average household income within a ten-mile radius is over $62,000, indicating a robust consumer base. The asking price is $2,029,000, representing a compelling $199 per square foot and a 7.25% cap rate based on a Net Operating Income (NOI) of $147,137. Nearby retailers include Kroger, Advance Auto Parts, Tractor Supply, Family Dollar, Factory Connection, Sherwin Williams, and Dollar Tree, further enhancing the property's desirability and potential for future growth. This is a rare opportunity to acquire a high-performing, well-located retail center with a proven track record of success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.