Rite Aid

1805 S Limestone St, Springfield, OH

$2,200,000

Price

6.35%

Cap Rate

$139,600

NOI

Overview
Cap Rate
6.35%
NOI
$139,600
Building Size
11,180 sqft
Lot Area
1 acres
Year Built
1998
Description

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Springfield is a city in the U.S. state of Ohio and the county seat of Clark County. The municipality is located in southwestern Ohio and is situated on the Mad River, Buck Creek, and Beaver Creek, approximately 45 miles west of Columbus and 25 miles northeast of Dayton. Springfield is home to Wittenberg University, a liberal arts college.

As of the 2020 census, the city had a total population of 58,662, The Springfield Metropolitan Statistical Area had a population of 136,001 residents. The Little Miami Scenic Trail, a paved rail-trail that is nearly 80 miles long, extends from the Buck Creek Scenic Trail head in Springfield south to Newtown, Ohio (near Cincinnati). It has become popular with hikers and cyclists.

Highlights
  • Double Net Lease | Minimal Landlord Responsibilities (Roof & Structure)
  • Brand New Roof as of 2021 with Transferable Warranty in Place.
  • Tenant Extended the Lease in 2021 Showing their Commitment to Site.
  • 11,180 Square Foot Building Equipped with Drive-Thru Situated on 1.00 Acre..
  • Subject Site within 2 miles from Springfield Regional Medical Center (America's 250 Best Hospitals Award™ (2021)).
  • Household Income Within 3 Mile Radius Exceeds $50,000.
  • Population within a 5-Mile Radius: 79,000 People.
  • S Limestone Street & E John Street Combined Traffic Counts: 23,044 VPD+/-.
  • Within Immediate Access to Interstate I-70 (56,000 VPD+/-)
  • Springfield, OH is 45 miles west of Columbus and 25 miles northeast of Dayton.
  • National Tenants Surrounding Property: Cracker Barrel, Rudy's Smokehouse, Dunkin', Walgreens, Big Lots, Popeyes, Arby's, Bob Evans, Family Dollar, Hardee's, McDonald's, and more.

Location
Gallery