1251 Nilles Rd - Medical CONDO FOR SALE


Fairfield, OH 45014
$700,000 USD
513-549-2679
1251 Nilles Rd, Fairfield, OH for Sale
$700,000 USD
Medical CONDO - FOR SALE
1/25
null | 10.91% Cap Rate

1251 Nilles Rd
Fairfield, OH 45014


HIGHLIGHTS

  • 10.91% capitalization rate
  • $76,430 annual net income
  • 20-year tenant occupancy history
  • Just renewed their lease for 3+ years
  • Tenant headquarters; 12 Ohio locations
  • High-traffic Nilles & Winton Road intersection

OVERVIEW

This true triple-net (NNN) investment delivers $76,430 in annual net income at a near 11% cap rate — a combination that is increasingly difficult to find in today's market. The tenant has occupied this location for 20 years, just renewed for an additional 3+ year term, and operates this site as their headquarters for a 12-location Ohio operation. Opportunities combining this level of yield and tenant stability are rarely available — qualified buyers are encouraged to reach out for additional information.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

10.91%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clock Tower Place, Units 4 & 5

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

6,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,928 SF

ZONING

C2, Fairfield

APN/PARCEL ID

A0700-185-000-002,A0700-185-000-003,A0700-185-000-004,A0700-185-000-005

ASK ABOUT THIS PROPERTY

Tom ZippersteinNAI BergmanMore Info
513-549-2679

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Tom ZippersteinNAI BergmanMore Info
513-549-2679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.