For Sale
$3,522,600

1541 River Valley Cir Lancaster, OH 43130

High-profile retail, strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 23,484 square foot storefront property, located at 1541 River Valley Cir N in Lancaster, Ohio (43130), presents a compelling investment opportunity. Currently 100% occupied by OfficeMax under a Net Net (NN) lease expiring August 31, 2028, this single-tenant property boasts a substantial remaining lease term of approximately 3.8 years. The asking price is $3,522,600, translating to a price per square foot of $150. Built in 1998, the single-story building sits on a 3.24-acre lot and generates a Net Operating Income (NOI) of $246,582. The property benefits from its location in a high-profile retail corridor, ensuring strong visibility and consistent traffic. The long-standing history of OfficeMax at this location demonstrates the site's enduring appeal and market stability. This is an ideal investment for those seeking a stable, income-producing asset with a strong tenant and significant remaining lease term in a desirable retail location. The property's size and location make it a prime candidate for long-term growth and potential future appreciation.

Highlights

  • High-visibility retail location.
  • Excellent tenant occupancy.
  • Established business history at this address.

Property Details for 1541 River Valley Cir

Property type
Retail properties, Retail space
Square Feet
23,484 SF
Year Built
1998
Stories
1
Lot Size (sq. ft)
141,134 SF

Location Insight

City
Lancaster
County
Fairfield
State
Ohio
Latitude
39.7332446
Longitude
-82.6250117

FAQs

What type of property is this?
Retail property - High-profile retail, strong tenant, long lease.
Where is the retail property located?
The property is located at 1541 River Valley Cir Lancaster, OH.
What is the asking price?
The asking price for this property is $3,522,600.
What are key features of this property?
This property features: High-visibility retail location.; Excellent tenant occupancy.; Established business history at this address.
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.
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1541 River Valley Cir
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