North Heights Plaza

Agent Info

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Request More Info

Offering Information

8280 Old Troy Pike
Huber Heights, OH

  • Price: $10,300,000
  • Cap. Rate: 7.47%
  • NOI: $770,063
  • Building Size: 113,732SF
  • Lot Size: 12.79 AC

Investment Highlights

  • Subject Property is 113,732 Sq. Ft. Situated on 12.79 Acres
  • Double Net Lease: Minimal Landlord Responsibilities
  • CAM is Managed by Hobby Lobby for Entire Center | Excludes Real Estate Taxes and Insurance
  • Stable Long Term Tenants with Strong Commitment to Site
  • Potential Upside | Room for 25,000 Square Feet of New Retail Space
  • All 3 Tenants Equipped with Additional Option Periods with Attractive In-creases
  • Corporate Guaranteed Leases
  • Affluent Community | Average Household Income Within 1 Mile: $68,896
  • Old Troy Pike and Executive Boulevard Provide Combined Traffic Counts of 40,000 VPD+/- | Immediate Access to Interstate I-70 (63,519 VPD+/-)
  • Five Mile Population Surrounding the Property: 77,919 People | Projected Growth Rate of 2.00% by 2021
  • Subject Property Located in North Heights Plaza | Surrounded by 1.2 Mil-lion Square Feet of Retail Space
  • Neighboring National Retailers Surrounding Investment Property Include: Lowe’s Home Improvement, Big Lots, Once Upon a Child, PetSmart, Kohl’s, Marshalls, Dollar tree, Applebee’s, Staples, H Gregg, Target, Texas Road-house, TGI Fridays, Sherwin Williams, and more.