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The Shoppes on Columbus Avenue

$805,000

729-731 Columbus Avenue, Lebanon, OH 45036

Active
Last Updated: 06/05/2025

9.55

Cap Rate

76,855

NOI

Details:
Cap Rate:    9.55%
NOI:    $76,855
Building Size:    4,768 sqft
Lot Area:    1.5 acres
Highlights:
  • Two Building Retail Center with Immediate Upside Through Leasing Remaining Vacant Suite
  • Little Caesars Has Over 4 Years Remaining in the Term and Two, 5-Year Options Available with Rental Increases in Each Option
  • Little Caesars Unit has a Drive Thru and is a High Volume Location
  • Hot Head Burritos Has Over 2.5 Years Remaining in the Term and Two, 5-Year Options Available with Rental Increases in Each Option
  • Little Caesars has Occupied the Location for 15 Years
  • Excellent Visibility with Frontage and Signage Along Columbus Avenue Which Has Traffic Counts of Over 16,600 Vehicles Per Day
  • Easily Accessible with Ample Parking Spaces
  • Surrounded by National Retailers Including Aldi, AutoZone, Chipotle, CVS Pharmacy, O'Reilly Auto Parts, and Walgreens
Description:

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Lebanon is a city in and the county seat of Warren County, Ohio. The population was 20,841 at the 2020 census. It is part of the Cincinnati metropolitan area. Located just 30 minutes from Cincinnati and an hour from Columbus, Lebanon is the perfect day-trip destination and offers visitors all of the charm of small-town americana.

The Cincinnati metropolitan area (also known as the Cincinnati Tri-State area or Greater Cincinnati) is a metropolitan area with its core in Ohio and Kentucky. Its largest city is Cincinnati and includes surrounding counties in the states of Ohio, Kentucky, and Indiana. The United States Census Bureau's formal name for the area is the Cincinnati, OH–KY–IN Metropolitan Statistical Area. As of the 2020 U.S. Census, the metro area had a population of 2,256,884, making Greater Cincinnati the 28th-most populous metropolitan area in the United States, and the largest metro area in Ohio, followed by Columbus and Cleveland. The Cincinnati metropolitan area is considered part of the Great Lakes Megalopolis.

Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest, after Chicago, Minneapolis–St. Paul, Detroit, and St. Louis. In 2016, it had the fastest-growing Midwestern economic capital. The gross domestic product for the region was approximately $160 billion in 2023. The median home price is $158,200, and the cost of living in Cincinnati is 8% below the national average. As of September 2022, the unemployment rate is 3.3%, below the national average.

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