3100-3130 Springdale Rd - Storefront FOR SALE


Cincinnati, OH 45251- Northgate
$2,675,000 USD
440-915-7902
3100-3130 Springdale Rd, Cincinnati, OH for Sale
$2,675,000 USD
Storefront - FOR SALE
1/15
null | 8.2% Cap Rate

3100-3130 Springdale Rd
Cincinnati, OH 45251
Northgate


HIGHLIGHTS

  • Just Reduced to Attractive 8.20% CAP with Low $98/S.F. Asking Price
  • Dollar General Credit (S&P BBB/Moody’s Baa3) Anchored Neighborhood Center with Desirable Service Oriented and Internet Resistant Tenants.
  • Selling for Far Below Replacement Costs with Expected Year 1 Cash-On-Cash Return of 11.05%
  • Significant Upside Available: Replaceable 5,000 SF Tenant at Far Below Market Rent on Gross Lease Structure & Other Tenants with Rental Bumps
  • Strong Demographics: Approx. 173k People Within 5 Mile Radius | Average Incomes of $96k & One of Largest School Districts in County (9,000 Students)
  • Located Directly Across Taylor Elementary School (800 Students + Faculty) w/ Daily Drive-By Traffic & Easy Access to US Route 27(37k Vehicles Per Day)

OVERVIEW

• Just Reduced to Attractive 8.00% CAP with Low $98/S.F. Asking Price • 100% Occupied, Dollar General (S&P BBB/Moody’s Baa3) Anchored Neighborhood Center with Desirable Service Oriented and Internet Resistant Tenants. • Selling for Far Below Replacement Costs with Expected Year 1 Cash-On-Cash Return of 11.05% • 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

$2,675,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

8.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Just Reduced 8.2% CAP Dollar General Anchored

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, 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.