1810 S Limestone St - Freestanding FOR SALE


Springfield, OH 45505
$679,000 USD
937-360-9952
1810 S Limestone St, Springfield, OH for Sale
$679,000 USD
Freestanding - FOR SALE
1/2
null | 8.54% Cap Rate

1810 S Limestone St
Springfield, OH 45505


HIGHLIGHTS

  • 100% occupied, two-tenant retail — stabilized income from day one
  • Anchored by Rent-A-Center — 27-year operating history at the site plus a fresh 61-month renewal through 2031
  • Ideal for passive, out-of-state, or 1031-exchange buyers

OVERVIEW

Coldwell Banker Commercial | Heritage is pleased to present 1810 South Limestone Street, a 100%-occupied, two-tenant retail building totaling 6,790 square feet on 1.538 acres in Springfield, Ohio. The property is anchored by Rent-A-Center, a national retailer that has operated at this location since 1999 and recently executed a fresh 61-month lease extension running through May 2031, together with two additional five-year renewal options that extend potential occupancy to 2041. The balance of the building is leased to Tikenamm Grocery Store, a neighborhood grocery and international market secured through April 2030 with scheduled rent increases. Both tenants operate under leases in which they carry their own utilities, interior maintenance, and HVAC. Tenants reimburse water and sewer, and Rent-A-Center contributes toward real estate taxes — creating a streamlined, low-management ownership profile ideally suited to a passive, out-of-state, or 1031-exchange investor. In-place base rent totals $67,607 annually, with contractual growth built in through Tikenamm’s step-ups and Rent-A-Center’s option increases. Positioned on high-visibility South Limestone Street with frontage on Clifton Avenue, the property sits within an established retail corridor in Clark County’s primary trade area, along the I-70 corridor between Dayton and Columbus. [Insert traffic count and 1-/3-/5-mile demographics from CoStar.] With a proven long-term anchor freshly recommitted to the location and a fully leased rent roll from day one, 1810 South Limestone offers dependable, low-touch cash flow in a growing Southwest Ohio market.

FOR SALE DETAILS

PRICE

$679,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

8.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two-Tenant Retail - 6,790 SF - 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CC-2

APN/PARCEL ID

34-00700-03321-7037,34-00700-03321-7040

ASK ABOUT THIS PROPERTY

Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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

Patrick WilliamsColdwell Banker Commercial | HeritageMore Info
937-360-9952

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