1501-1505 N Bechtle Ave - Freestanding FOR SALE


Springfield, OH 45504
$2,013,000 USD
415-971-4347
1501-1505 N Bechtle Ave, Springfield, OH for Sale
$2,013,000 USD
Freestanding - FOR SALE
1/7
null | 6.75% Cap Rate

1501-1505 N Bechtle Ave
Springfield, OH 45504


HIGHLIGHTS

  • Springfield Commons Outparcel is a 3-unit strip center that is currently occupied by Planet Fitness and Mattress Firm
  • An investor will have an immediate add-value opportunity through the lease-up of the 9,780 SF vacant end cap
  • The vacant suite makes up 23.25% of the total GLA; once stabilized an investor will benefit from a sizable boost to the NOI and cap rate expansion
  • The subject property is being offered for an extremely low price per square foot ($47.86)
  • Well-positioned off of a signalized intersection; prominent pylon signage
  • N Bechtle Avenue features prominent national retailers, including Walmart, The Home Depot, Meijer, and Kroger; all of which are within close proximity

OVERVIEW

Springfield Commons Outparcel is an add-value retail strip center located off of a signalized intersection and adjacent to a Lowe’s anchored shopping center. An investor has the opportunity to grow the income stream through the lease-up of the 9,780 SF vacant end cap.

FOR SALE DETAILS

PRICE

$2,013,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Springfield Commons Outparcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

193

LAND DETAILS

LAND ACRES

4.02 AC

LAND SF

175,111 SF

ZONING

-

APN/PARCEL ID

33-00600-01200-0194

ASK ABOUT THIS PROPERTY

Chris KostaneckiCP Partners CREMore Info
415-971-4347

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Chris KostaneckiCP Partners CREMore Info
415-971-4347

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