🔥🏢Fairfield, OH | 9% Cap Strip Center | Value-Add Turn Key Deal! ♻️📬
$3,241,000
Dixie Highway, Fairfield, OH 45014
25,829 SF
Square Feet
$125
PPSF
9.00%
CAP
Property Description
NOI
$291,702
Cap Rate
9.00%
Off-Market Fairfield, OH | 9% Cap Strip Center | Value-Add Turnkey Deal!
Location: Fairfield (Cincinnati MSA), OH 45014
Summary:
- Asset Type: Retail Strip Center
- GLA: 25,829 SF
- Occupancy: 81% (9 of 11 Units Leased)
- Lease Type: Modified Gross
- Price: $3.241,000
- Cap Rate: 9%
- 2024 NOI: $291,702.93
Location Overview:
- Prime retail location in Fairfield, OH, a high-growth Cincinnati MSA suburb
- Excellent visibility and frontage with high traffic volume
- Surrounded by national tenants and dense rooftops
- Strong rental demand and retail stability in the immediate trade area
Investment Highlights:
- Stabilized with Upside – 81% occupancy leaves upside to push NOI further
- Strong Cap Rate – 9%, outperforming market averages
- Ideal for Private Investors – Clean financials and immediate yield
- Value-Add Opportunities – Lease rollovers and rent increases possible in the mid-term
Value-Add Potential:
- Opportunity to increase rents to market over time
- Potential to improve tenant mix or convert leases to NNN
- Ability to refinance or exit at a higher valuation after holding period
- Resale on open market at lower Cap Rate
Buyer Criteria:
- We are seeking a Cash/Private money buyer who can close quickly
- Must be willing to close with Fidelity National Title
Financials:
Rent Roll | T-12 | CoStar Underwriting Report available upon receipt of recent Proof of Funds
Next Steps | Interested Investors Should:
- Submit a current Proof of Funds: [email protected]
- Request access to financials and due diligence materials
- Contact us directly to discuss Acquisition Strategy, Timeframe to Close or schedule a Walkthrough
*First Come First Serve Opportunity:
- No bidding wars!
- The first investor to commit a purchase agreement with a $130,000 non-refundable deposit (and after performing proper due diligence) will have the full priority to add this property to their portfolio.
John Cleare
248-217-6055 (Text/Call)
Property Details
Asset Type
Retail
Year Built
1988
Acres
5
Submarket
Fairfield
ZIP
45014
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$462,785
Debt Service Coverage Ratio (DSCR)
2.51x
Cap Rate
14.28%
Cash Flow (Annual)
$278,417
Cash-on-Cash Return
34.36%
Monthly Debt Service
$15,364
Annual Debt Service
$184,368
View on Map
Address
Dixie Highway
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Fairfield Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.