For Sale
$4,575,000

10551 Loveland Madeira RdLoveland, OH 45140

Ohio Retail Center: Strong Tenants, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 9,781 square foot retail center in Loveland, Ohio, presents a compelling investment opportunity. Located at 10551 Loveland Madeira Rd, 45140, this fee-simple property boasts a 6.67% cap rate and a strong net operating income (NOI) of $279,104. Built in 2017 on a 1.35-acre lot, the single-story building is currently 100% occupied by five national tenants: Starbucks, Chipotle, Sport Clips, BodyAlive, and Petcare Animal Hospital. These tenants operate under net leases, with staggered expiration dates extending through March 31, 2032, providing lease stability and predictable income. The lease terms include rent bumps, with a structure of 10% increases over five years, followed by 12% increases over another five years, and then 3% annual increases. Additional lease options are available, offering further long-term growth potential. The property benefits from excellent visibility and accessibility, situated within a thriving retail corridor in a densely populated and affluent area. This is a rare opportunity to acquire a high-performing, multi-tenant retail center with a diverse tenant mix and significant remaining lease term of 7.4 years. The asking price is $4,575,000, translating to a price per square foot of $467.74. The property's strong tenant lineup, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The Hamilton County location and APN 621-0022-0007 further identify this property.

Highlights

  • 100% occupied neighborhood retail center with a diverse tenant mix of national brands including Starbucks, Chipotle, and others.
  • Ideal bay sizes in a highly competitive retail market.
  • Strong national tenants with a drive-thru, recent lease extensions, and staggered expiration dates extending to 2032.
  • Net leases with built-in rent increases providing predictable income and long-term lease stability.
  • Excellent visibility and accessibility in a thriving retail corridor.
  • Located in a densely populated, affluent area of Loveland, Ohio with a strong surrounding retail trade area.

Property Details for 10551 Loveland Madeira Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,781 SF
Year Built
2017
Stories
1
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Loveland
County
Hamilton
State
Ohio
Latitude
39.2510589
Longitude
-84.2968737
10551 Loveland Madeira Rd, Loveland, 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].
10551 Loveland Madeira Rd
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