8139 Old Troy Pike
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8139 Old Troy Pike
23,992 SF Retail Building Huber Heights, OH 45424 £3,476,044 (£145/SF) 6.12% Net Initial Yield
Investment Highlights
- NNN Lease
- Roof replaced in 2018.
- Strong Retail Location strategically positioned in the heart of 1.2 million square foot retail corridor.
- Vehicle Per Day counts of 36,963 on Old Troy Pike and 55,966 on I-70
Executive Summary
Leola Commercial is proud to present a corporate guaranteed Lease with strong cap rate!! Attractive NNN Investment Opportunity with little landlord responsibilities. 15 years left on lease. Three (5)year options remaining. Current option expires August 31, 2027. Strategically positioned in the heart of 1.2 million square foot retail corridor serving Huber Heights, anchor tenants include Marshalls, Dollar Tree, PetSmart, and Lowes. Close to Interstate 70. Minutes to International Airport.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,992 SF
Building Class
C
Year Built
2000
Price
£3,476,044
Price Per SF
£145
Net Initial Yield
6.12%
NOI
£212,734
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.26
Land Acres
2.10 AC
Zoning
C - Commercial
Parking
80 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Freeway Visibility
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | P70-02025-0007 | Improvements Assessment | £640,936 |
| Land Assessment | £316,081 | Total Assessment | £957,018 |
PROPERTY TAXES
Parcel Number
P70-02025-0007
Land Assessment
£316,081
Improvements Assessment
£640,936
Total Assessment
£957,018
-
Gabriel Chipe -
Leola Commercial Inc.
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8139 Old Troy Pike
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