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8% CAP Dollar General Anchored Ctr w/ 9+ Yrs 3100-3130 Springdale Rd 27,299 SF 100% Leased Retail Building Cincinnati, OH 45251 $3,808,896 CAD ($139.53 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied, Dollar General (S&P BBB/Moody's Baa3) Anchored Center with 9+ Years of Term & Desirable Service Oriented and Internet Resistant Tenants
- Significant Upside Available: Replaceable 5,000 SF Tenant at Far Below Market Rent on Gross Lease Structure & Other Tenants with Rental Bumps
- Located Directly Across Taylor Elementary School (800 Students + Faculty) w/ Daily Drive-By Traffic & Easy Access to US Route 27(37k Vehicles Per Day)
- Attractive 8.00% CAP with Low $100/S.F. Asking Price, Far Below Replacement Costs & Roof Replacements Completed
- Strong Demographics: Approx. 173k People Within 5 Mile Radius & Average Household Incomes of $96k
- Located in Northwest Local School District, One of the Largest Districts in Hamilton County, Serving Over 9,000 Students Across 12 Schools
EXECUTIVE SUMMARY
•100% Occupied, Dollar General (S&P BBB/Moody’s Baa3) Anchored Neighborhood Center with Desirable Service Oriented and Internet Resistant Tenants.
•Attractive 8.00% CAP with Low $100/S.F. Asking Price, Far Below Replacement Costs
•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
•Attractive 8.00% CAP with Low $100/S.F. Asking Price, Far Below Replacement Costs
•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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
27,299 SF
Building Class
C
Year Built/Renovated
1964/2024
Price
$3,808,896 CAD
Price Per SF
$139.53 CAD
Cap Rate
8%
NOI
$304,536 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.16 AC
Parking
170 Spaces (6.23 Spaces per 1,000 SF Leased)
Frontage
163’ on Springdale Rd
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Angilos Pizza
- -
- 900 SF
- -
- Modified Gross
- Nov 2026
- Dollar General (S&P "BBB")
- -
- 9,899 SF
- -
- Triple Net
- Jan 2035
- Haute Air Balloons
- -
- 5,000 SF
- -
- Modified Gross
- Jan 2027
- Oasis Salon
- -
- 1,850 SF
- -
- Triple Net
- Feb 2027
- Smokes & Thinks
- -
- 2,500 SF
- -
- Triple Net
- Feb 2032
- Springhill Laundry
- -
- 1,850 SF
- -
- Triple Net
- Oct 2029
- Teeny Scholars
- -
- 2,500 SF
- -
- Triple Net
- May 2030
- The Office
- -
- 2,800 SF
- -
- Triple Net
- Mar 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Angilos Pizza | - | 900 SF | - | Modified Gross | Nov 2026 | |
| Dollar General (S&P "BBB") | - | 9,899 SF | - | Triple Net | Jan 2035 | |
| Haute Air Balloons | - | 5,000 SF | - | Modified Gross | Jan 2027 | |
| Oasis Salon | - | 1,850 SF | - | Triple Net | Feb 2027 | |
| Smokes & Thinks | - | 2,500 SF | - | Triple Net | Feb 2032 | |
| Springhill Laundry | - | 1,850 SF | - | Triple Net | Oct 2029 | |
| Teeny Scholars | - | 2,500 SF | - | Triple Net | May 2030 | |
| The Office | - | 2,800 SF | - | Triple Net | Mar 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 510-0042-0022 | Improvements Assessment | $393,515 CAD |
| Land Assessment | $154,877 CAD | Total Assessment | $548,392 CAD |
PROPERTY TAXES
Parcel Number
510-0042-0022
Land Assessment
$154,877 CAD
Improvements Assessment
$393,515 CAD
Total Assessment
$548,392 CAD
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8% CAP Dollar General Anchored Ctr w/ 9+ Yrs | 3100-3130 Springdale Rd
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