5800-5840 Wilmington Pike - Storefront FOR SALE
Centerville, OH 45459 |
$9,980,000 USD
216-264-2000
5800-5840 Wilmington Pike
Centerville, OH 45459
HIGHLIGHTS
- 100% Occupied, 24,063 SF Convenience Strip Center in Affluent Dayton MSA Location
- Small-Bay Orientation: 2,005 SF Avg. Bay Size / 75% (9 of 12) Bays are 2,000 SF or Smaller
- 100% Tax/Ins/CAM Recapture Rate / Clean Pro-Rata NNN Leases Throughout
- Mark-to-Market Rent Upside: $26.43/SF Avg. In-Place Rent vs. $28 - $38/SF Most Recent Lease Deals
- Directly off of I-675 Exit Ramps with 72,230 Cars/Day; Direct Right-In Access for Northbound Highway Exit Traffic
- Annual Rent Bumps on 11 of 12 Leases (93% of GLA); Providing Embedded NOI Growth
FOR SALE DETAILS
PRICE
$9,980,000 USD
PRICE/SF
$413 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sugarcreek Crossing
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
2.97 AC
LAND SF
129,373 SF
ZONING
C-1
APN/PARCEL ID
L49-0001-0001-0-0008-00
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216-264-2000
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216-264-2000
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