6238 Far Hills AveCenterville, OH 45459

Property Details for 6238 Far Hills Ave

Year built

2024

Lot size

0.71 AC

Property size (Sq ft)

1,664 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 15-year NNN ground lease for a Valvoline auto shop located at 6238 Far Hills Ave, Centerville, OH 45459. The 1,664 square foot building, constructed in 2024, sits on a 0.707-acre lot and boasts a 100% occupancy rate with a corporate guarantee from Valvoline Inc. The lease features four five-year renewal options, each with a 10% rent increase. The property generates a strong NOI of $97,500, representing a 5.55% cap rate and a price per square foot of $1,055.89. The asking price is $1,757,000. Situated on a primary north-south corridor with high traffic counts (Far Hills Ave: 36,226 ADT

Location Insight

City

Centerville

County

Montgomery

State

Ohio

Latitude

39.6548

Longitude

-84.1569

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