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1064 State Route 28

12,000 SF 100% Leased Retail Building Milford, OH 45150 £3,282,027 (£274/SF) 7% Net Initial Yield

Investment Highlights

  • Stabilized Investment Opportunity; 100% leased multi-tenant retail opportunity with excellent frontage along State Route 28, seeing 41,607+ VPD
  • Strong Demographics; Located in a densely populated and affluent area with 75,768+ residents and an average hh income of $134,100 within 5 miles
  • High Historical Occupancy; Four of the six current tenants have been operating at this location for 10+ years showing the tenants’ strong commitment
  • Shadow Anchored Center; Property is a direct outlot to Meijer and Home Depot, along with being surrounded by multiple other national retail tenants
  • Strong Tenant Mix; Complimentary mix of national retailers all signed to landlord-favorable net leases, with additional option periods in place

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built
2008
Price
£3,282,027
Price Per SF
£274
Net Initial Yield
7%
NOI
£229,742
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Lot Size
1.25 AC
Zoning
429-C
Parking
67 Spaces (5.58 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Huntington National Bank
Starbucks
PNC Bank
Fifth Third Bank
Chase Bank
Waffle House
Meijer
O'Charley's
Hot Head Burritos
Aldi

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-25-16D-278
Land Assessment
£149,939
Improvements Assessment
£558,156
Total Assessment
£708,095
  • Listing ID: 33459201

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 1064 State Route 28, Milford, OH 45150

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