For Sale
$1,538,000

945 Clinton StDefiance, OH 43512

Ohio storefront, strong tenant, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple ownership opportunity presents a 2,000 square foot T-Mobile storefront in Defiance, Ohio. The property boasts a new 10-year net lease with a corporate guarantee (NASDAQ: TMUS | S&P: BBB), featuring 10% rent bumps every five years and two five-year renewal options. The building, constructed in 2023, sits on a 0.4-acre lot with 16 parking spaces and benefits from a B-3 zoning designation. Located at 945 N Clinton St, Defiance, OH 43512, this high-traffic location enjoys excellent visibility and access, with proximity to major highways (State Highway 15 and US Highway 24) and a strong retail environment including Northtowne Mall, Walmart, Aldi, Lowe's, Meijer, Kohl's, Menards, and Kroger. The property's strong demographics include over 21,600 residents and 13,300 daytime employees within a 5-mile radius, boasting an average household income of $83,843. The current Net Operating Income (NOI) is $110,000, resulting in a 7.15% capitalization rate. The asking price is $1,538,000 ($769 per square foot). This is a low-management investment opportunity with significant upside potential due to the built-in rent increases and strong tenant history. The property offers a compelling combination of a secure, long-term lease with a creditworthy tenant, a prime location, and attractive financial metrics.

Highlights

  • 10-Year NNN Corporate Lease with Scheduled Rent Increases.
  • New Construction (2023) on Clinton Street in a Dense Retail Area with B-3 Zoning.
  • Strong Demographics within a 5-Mile Radius, Providing a Direct Consumer Base.

Property Details for 945 Clinton St

Property type
Retail properties, Retail space
Square Feet
2,000 SF
Year Built
2023
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Defiance
County
Defiance
State
Ohio
Latitude
41.2994275
Longitude
-84.3603088
945 Clinton St, Defiance, 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].
945 Clinton 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