Property Details for 704 Harry Sauner Rd

Year built

2004

Lot size

1.00 lot acres

Property size

10,196 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Hillsboro

County

Highland

State

Ohio

Longitude

-83.6236605

Latitude

39.2260297