1355-1359 Leesburg Ave - Storefront FOR SALE


Washington Court House, OH 43160
$2,076,000 USD
440-915-7902
1355-1359 Leesburg Ave, Washington Court House, OH for Sale
$2,076,000 USD
Storefront - FOR SALE
1/17
null | 8% Cap Rate

1355-1359 Leesburg Ave
Washington Court House, OH 43160


HIGHLIGHTS

  • 100% Occupied, Walmart Supercenter Shadow Anchored Center with Nationally Named Tenants | Smaller Price Point at Attractive 8.00% CAP Rate!!
  • Below Market Rents in Trade Area with 99% Occupancy Rate & Potential Future Upside Through Rental Increases and Conversion of a Major Tenant to NNN
  • High Traffic Location: 26,000 Vehicles Per Day: Centrally Located at the Main Intersection of Leesburg Avenue (U.S. Route 62), Cities Primary Corridor
  • County Seat with Strong Neighborhood Market with Average Household Incomes at $95,000 Within a 1-Mile Radius
  • Offers a Dynamic Mix of Both National and Local, Service-Oriented Recession/Internet Resistant Users with Multiple Locations
  • Easy Access Positioned in Walmart Supercenter for Constant Steady Traffic Flow with Prominent Pylon Signage, Frontage and High Visibility

OVERVIEW

•100% Occupied, Walmart Supercenter Shadow Anchored Center with Nationally Named Tenants •Smaller Price Point at Attractive 8.00% CAP Rate •Offers a Dynamic Mix of Both National and Local, Service-Oriented Recession/Internet Resistant Users with Multiple Locations •Below Market Rents in Trade Area with 99% Occupancy Rate! •Potential Future Upside Through Rental Increases and Conversion of Major Tenant to NNN From Gross Lease Structure •High Traffic Location with 26,000 Vehicles Per Day: Centrally Located at the Main Intersection of Leesburg Avenue (U.S. Route 62), Washington Court House’s Primary Commercial Corridor and U.S. Route 35 •Strong Neighborhood Market with Average Household Incomes at $95,000 Within a 1-Mile Radius •County Seat Location Serves as Primary Retail and Service Hub for Fayette County and Surrounding Rural Communities •Easy Access Positioned in Walmart Supercenter for Constant Steady Traffic Flow with Prominent Pylon Signage, Frontage and High Visibility •Main Retail Corridor: Surrounded by Complimentary Retailers/Businesses Along Major Roadway in Washington Court House •Advantageously Located 50 Miles from Major Metro Areas like Dayton and Columbus, and 70 Miles from Cincinnati •Strong & Diverse Employment Base: Walmart Distribution Center (5 Miles Away, 800+ Employees), YUSA Corporation (1 Mile Away, ~500+ Employees), Adena Fayette Medical Center (2.5 Miles Away, ~300+ Employees), SugarCreek Packing Co (3 Miles Away, ~1,900 Employees), and Mckesson Corporation (12.5 Miles Away, ~3,000 Employees in Ohio)

FOR SALE DETAILS

PRICE

$2,076,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8% CAP Walmart Shadow Ctr. | Low Price Point

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.61 AC

LAND SF

287,932 SF

ZONING

B3

APN/PARCEL ID

215-018-0-03-002-09,215-018-003-002-10

ASK ABOUT THIS PROPERTY

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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