704 Harry Sauner Rd Hillsboro, OH 45133
- Lifestyle centers
- 10,196 SF
- 1.00 lot acres
Current Use by Public Records
- Lifestyle centers
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Highland
- State
- Ohio
- Longitude
- -83.6236605
- Latitude
- 39.2260297
