848 S High St - Freestanding FOR SALE


Hillsboro, OH 45133
$590,000 USD
937-661-9893
848 S High St, Hillsboro, OH for Sale
$590,000 USD
Freestanding - FOR SALE
1/1
null | 10.93% Cap Rate

848 S High St
Hillsboro, OH 45133


OVERVIEW

This offering has been occupied by the same national entity for 21 years and is currently under a 5 year lease agreement with 45 months remaining as of this post. Tenant is obviously solid with continual national growth. This has been a great income generating property, and the only reason for the sale is a greater need for funds. Price is fair and firm. Contract is triple net. Owner is responsible for upkeep of existing doors, windows, roof, and HVAC, Ice and snow control. Occupant pays all other expense's including property tax and insurance. Owner keeps basic property insurance for structure only. All owner obligations are in good order and rarely need addressed. A 45,000.00 upgrade to the interior was done and completed this year involving paint, flooring, and storage to office upgrade. Drain grate was also installed for rear water infiltration due to new build on adjacent road above property. new service door was recently involved at occupants expense.

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

10.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,632 SF

ZONING

Commercial

APN/PARCEL ID

25-56-001-014.00

ASK ABOUT THIS PROPERTY

Terry CollinsTNT Property Services LLCMore Info
937-661-9893

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Terry CollinsTNT Property Services LLCMore Info
937-661-9893

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