945 Clinton St Defiance, OH 43512-9782

Property Details for 945 Clinton St

Lot size

0.24 lot acres

Property type

Commercial land

APN

I060013B00400

APU

I060013B00400

Description

This fee-simple ownership opportunity presents a 2,000 square foot T-Mobile storefront in Defiance, Ohio. The property boasts a new 10-year net lease with a corporate guarantee (NASDAQ: TMUS | S&P: BBB), featuring 10% rent bumps every five years and two five-year renewal options. The building, constructed in 2023, sits on a 0.4-acre lot with 16 parking spaces and benefits from a B-3 zoning designation. Located at 945 N Clinton St, Defiance, OH 43512, this high-traffic location enjoys excellent visibility and access, with proximity to major highways (State Highway 15 and US Highway 24) and a strong retail environment including Northtowne Mall, Walmart, Aldi, Lowe's, Meijer, Kohl's, Menards, and Kroger. The property's strong demographics include over 21,600 residents and 13,300 daytime employees within a 5-mile radius, boasting an average household income of $83,843. The current Net Operating Income (NOI) is $110,000, resulting in a 7.15% capitalization rate. The asking price is $1,538,000 ($769 per square foot). This is a low-management investment opportunity with significant upside potential due to the built-in rent increases and strong tenant history. The property offers a compelling combination of a secure, long-term lease with a creditworthy tenant, a prime location, and attractive financial metrics.