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Property profile & analytics
OFF-MARKET
Lifestyle centers

704 Harry Sauner Rd Hillsboro, OH 45133

10,196 SF 1 ac lot Built 2004
Entity Owned 4-yr Hold
Property ID
US66-4663408
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Lifestyle centers
Year built 2004
Total area 10,196 SF
Lot 1 ac (43,560 SF)
UPID US66-4663408
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mrp Hillsboro LLC · 4 yrs held
Mrp Hillsboro LLC
since 2022
4 recorded transactions
2025
Price N/A
2022
$1.4M
2019
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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