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Shopping Strip

State Rt 28 Milford, OH

922 OH-28, Milford, OH 45150

Listing Price: $2,890,000

Cap Rate
7.50%
Gross SF
15,136
Rentable SF
15,136
Price/Gross SF
$190.94
Lot Size
1.37 acres
Year Built
1989

Investment Overview

This property at 922 and 932 State Route 28 in Milford, Ohio, offers an attractive investment opportunity with 100 percent occupancy and a diverse mix of national and local tenants, including Papa John’s, CheckSmart, and Q-Nail. Situated along a heavily trafficked corridor, it boasts excellent visibility with daily vehicle counts exceeding 78,000 on nearby I-275 and 49,000 on OH-28. The property features stable income potential with annual rent escalations and renewal options, supported by triple-net leases ensuring full landlord expense recovery. Located in a dense and affluent area with average household incomes exceeding $123,000 within a five mile radius, the site benefits from proximity to major retailers like Meijer, Home Depot, and Kroger, as well as popular restaurants like Chick-fil-A and Taco Bell. Recent capital improvements, including LED lighting, roof upgrades, and parking lot enhancements, further enhance the property’s value and curb appeal.

Investment Highlights

  • Diverse Tenant Mix and National Brands. The Tenant Roster Includes Well-Known National Brands such as CheckSmart and Papa John's, Alongside Regional and Local Businesses like Animal Medical Centre
  • All Tenants Subject to Triple-Net Leases with 100 Percent Recovery of Landlord Operating Expenses
  • Easy to Lease Small Shop Spaces with Shallow Bays and Good Frontage/Visibility from Heavily Trafficked Corridor

Exclusively Listed By

Financing By

Shopping Strip

State Rt 28 Milford, OH

Listing Price: $2,890,000

Cap Rate
7.50%
Gross SF
15,136
Rentable SF
15,136
Price/Gross SF
$190.94
Lot Size
1.37 acres
Year Built
1989

Investment Highlights

  • Diverse Tenant Mix and National Brands. The Tenant Roster Includes Well-Known National Brands such as CheckSmart and Papa John's, Alongside Regional and Local Businesses like Animal Medical Centre
  • All Tenants Subject to Triple-Net Leases with 100 Percent Recovery of Landlord Operating Expenses
  • Easy to Lease Small Shop Spaces with Shallow Bays and Good Frontage/Visibility from Heavily Trafficked Corridor

Investment Overview

This property at 922 and 932 State Route 28 in Milford, Ohio, offers an attractive investment opportunity with 100 percent occupancy and a diverse mix of national and local tenants, including Papa John’s, CheckSmart, and Q-Nail. Situated along a heavily trafficked corridor, it boasts excellent visibility with daily vehicle counts exceeding 78,000 on nearby I-275 and 49,000 on OH-28. The property features stable income potential with annual rent escalations and renewal options, supported by triple-net leases ensuring full landlord expense recovery. Located in a dense and affluent area with average household incomes exceeding $123,000 within a five mile radius, the site benefits from proximity to major retailers like Meijer, Home Depot, and Kroger, as well as popular restaurants like Chick-fil-A and Taco Bell. Recent capital improvements, including LED lighting, roof upgrades, and parking lot enhancements, further enhance the property’s value and curb appeal.

Exclusively Listed By

Financing By

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