For Sale
$3,600,000

1639 Washington StMillersburg, OH 44654

High-yield, stabilized shopping center in Ohio.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 17,833 square foot, single-story shopping center in Millersburg, Ohio, boasting a 7.20% cap rate and a strong NOI of $260,761. Currently 100% occupied with six tenants, including prominent anchors Dollar Tree and DaVita Dialysis, this Class B property features long-term, net-net-net (NNN) leases providing stability and predictable income. The remaining lease term averages five years, ensuring consistent cash flow. Located at 1639 S Washington St, 44654, this Walmart shadow center benefits from high visibility and convenient access. The property is zoned for retail use and offers ample parking. The asking price is $3,600,000, representing a price per square foot of $201.87. This stabilized investment is ideal for those seeking a secure and profitable addition to their portfolio. The property's location on the Amish County Byway and proximity to Millersburg Brewing Co. further enhances its appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a thriving market.

Property Details for 1639 Washington St

Property type
Lifestyle centers, Power centers
Square Feet
17,833 SF
Class
B
Stories
1

Location Insight

City
Millersburg
County
Holmes
State
Ohio
Latitude
40.5336327
Longitude
-81.9157947
1639 Washington St, Millersburg, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1639 Washington St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message