3100-3130 Springdale Rd - Storefront FOR SALE


Cincinnati, OH 45251- Northgate
$2,730,000 USD
440-915-7902
3100-3130 Springdale Rd, Cincinnati, OH for Sale
$2,730,000 USD
Storefront - FOR SALE
1/16
null | 8% Cap Rate

3100-3130 Springdale Rd
Cincinnati, OH 45251
Northgate


HIGHLIGHTS

  • 100% Occupied, Dollar General (S&P BBB/Moody's Baa3) Anchored Neighborhood Center with Desirable Service Oriented and Internet Resistant Tenants
  • Significant Upside Available: Replaceable 5k SF Tenant Far Below Market Rent on Gross Lease Structure, Coupled with NOI Growth from Rental Bumps
  • Anchor Dollar General w/ 9+ Years of Term: 20,500 Locations in 48 States and Reported $40.61 Billion in Revenue for 2025 an Increase of 5%
  • Attractive 8.00% CAP with Low $100/S.F. Asking Price, Far Below Replacement | Strong Demographics: Approx. 173k People 5 Mile Radius & Avg. HHI $96k
  • Located Directly Across Taylor Elementary (Approx. 800 Students and Faculty) & Easy Access to U.S. Route 27 (37k Vehicles Per Day) & I-277 (82k+ VPD)
  • Located in 2nd Largest Township In State & Northwest Local School District, One of the Largest Districts Serving Over 9,000 Students Across 12 Schools

OVERVIEW

•100% Occupied, Dollar General (S&P BBB/Moody’s Baa3) Anchored Neighborhood Center with Desirable Service Oriented and Internet Resistant Tenants. •Attractive 8.00% CAP with Low $100/S.F. Asking Price, Far Below Replacement Costs •Significant Upside Available: Replaceable 5,000 SF Tenant at Far Below Market Rent on a Gross Lease Structure, Coupled with NOI Growth from Rental Increases from Multiple Tenants •Anchor Dollar General w/ 9+ Years of Term: 20,500 Locations in 48 States and Reported $40.61 Billion in Revenue for 2025, an Increase of 5% Over Previous Year •Strong Demographics: Approx. 173k People Within 5 Mile Radius & Average Household Incomes of $96k •11 Miles to The University of Cincinnati: 53,600+ Students and 10,500+ Academic Staff/4,500+ Other Employees •Located Directly Across Taylor Elementary School (800 Students & Faculty) Providing Stable Daily Drive-by Traffic & Easy Access to U.S. Route 27 (36,700+ Vehicles Per Day) and I-275 (82,000+ Vehicles Per Day) from Springdale Road •Convenient Corner Location with Excellent Visibility and Two Prominent Pylon Signs •Located in Northwest Local School District, One of the Largest Districts in Hamilton County, Serving Over 9,000 Students Across 12 Schools, and Earned Recognition for its Academic Excellence & Career-Readiness Programs •All Four Portions of the Roof Replaced Between 2012 and 2019, with Transferrable Warranties •Located in Colerain Township, the 2nd Largest Township in the State Encompassing 42.7 Square Miles and Serving Nearly 60,000 Residents •Surrounded by Major Employers: The Kroger Company (420,000+ employees), University of Cincinnati (15,000 employees), Cincinnati Children’s Hospital Medical Center (19,500+ employees), Fifth Third Bank (18,600+ employees), and Procter & Gamble (109,000+ employees) •Desirable Suburban Community with Short Commute (13 Miles) to Downtown Cincinnati with Immediate Proximity to Several Colleges/Universities and Numerous Other High-Profile Companies •Less Than 2 Miles from Walmart, Meijer, Target and Multiple Other Retailers & Hotels •Largest Metro Area in the State and Positioned to Serve Commuters from Surrounding Suburbs and Nearby Schools

FOR SALE DETAILS

PRICE

$2,730,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8% CAP Upside Center & Dollar General 9+ Yrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

170

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

-

APN/PARCEL ID

510-0042-0022

ASK ABOUT THIS PROPERTY

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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