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Investment Highlights

  • High Traffic Count from US 250- 20k+

Executive Summary

Prime Multi-Tenant Investment Opportunity – High Visibility Location! Outstanding multi-tenant commercial investment property located at 341 Graff Rd SE, New Philadelphia, Ohio, positioned in one of the area’s most highly trafficked corridors. This property benefits from a direct line of sight to US Route 250, with an impressive daily traffic count exceeding 20,000 vehicles, offering exceptional exposure and visibility for tenants. Strategically situated near major retail, dining, and service hubs, this location serves as a key commercial artery for New Philadelphia, making it highly desirable for long-term tenancy and continued growth. Easy access to primary roadways further enhances convenience for both customers and employees. The building is fully leased with two established, long-term tenants, both of whom recently renewed their lease agreements, Aspen Dental – 9-year lease at $8,000/month U.S. Military Service Branch – 5-year lease at $4,007/month, currently undergoing a $40,000 interior renovation, adding further value to the asset Tenants are responsible for their own utilities, offering a favorable expense structure for ownership. Recent maintenance and property care further enhance the investment, including a furnace that is on an active maintenance plan, a roof that was inspected and serviced within the past year, and a parking lot that was professionally resealed last year. Tenants pay their utilities. Taxes are reimbursed within approximately 45–90 days. Common Area Maintenance (CAM) expenses are shared between tenants, with approximately 33.2% allocated to the U.S. Military tenant and 67% to Aspen. This is a rare opportunity to acquire a well-located, income-producing asset with strong national/regional tenants in a high-demand commercial area.

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Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,786 SF
Building Class
B
Year Built
2008
Price
$3,282,816 CAD
Price Per SF
$685.92 CAD
Cap Rate
6%
NOI
$196,969 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.72 AC
Zoning
C
Parking
30 Spaces (6.27 Spaces per 1,000 SF Leased)
Frontage
471’ on Graff Road Southeast

Amenities

  • Signage
  • Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Bob Evans Restaurants
Red Lobster
Applebee's
Chase Bank
Huntington National Bank
PNC Bank

Property Taxes

Property Taxes

Parcel Number
4307587005
Land Assessment
$112,773 CAD
Improvements Assessment
$425,621 CAD
Total Assessment
$538,394 CAD
  • Listing ID: 40304355

  • Date on Market: 2026-04-27

  • Last Updated:

  • Address: 341 Graff Rd, New Philadelphia, OH 44663

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