Sauner Square

Price: $2,029,000
Sq. Ft.: 10,196
Cap Rate: 7.25%
Built: 2004
NNN
VIEW PACKAGE

Marcus & Millichap is pleased to present the opportunity to acquire a 10,196-square-foot, multi-tenant retail center located in the primary retail trade area of Hillsboro, Ohio. Sauner Square is currently 100 percent occupied, and all leases are triple-net. The center has a strong tenant base comprised largely of national retailers. Tenants include T-Mobile, Great Clips, Hillsboro Tobacco & Vapor, GameStop, and First State Bank. Constructed in 2004, the building is situated on a one-acre parcel with ample paved parking. A double-sided monument sign provides additional exposure.

Sauner Square is located on Harry Sauner Road near the signalized intersection with State Route 73, an east-west state highway in the southern portion of Ohio. Traffic counts in front of the property exceed 8,976 vehicles per day on Harry Sauner Road and 9,542 vehicles per day on State Route 73. The center is shadow-anchored by Walmart Supercenter and Lowe’s Home Improvement. Other nearby national and regional retailers include Kroger, Advance Auto Parts, Pizza Hut, Little Caesars Pizza, Tractor Supply Co., McDonald’s, Family Dollar, Factory Connection, Sherwin-Williams, Save A Lot, Dollar Tree, and many more.

  • 10,196-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | All Current Leases are Triple-Net
  • Shadow-Anchored by Walmart Supercenter and Lowe’s Home Improvement
  • Strong Tenant Base Comprised Largely of National and Regional Retailers | 68% of the Gross Leasable Area is Leased to National Tenants
  • T-Mobile Recently Exercised a Five-Year Renewal that Includes Annual Rent Escalations
  • Situated on a One-Acre Parcel with Ample Paved Parking | Double-Sided Monument Sign Provides Additional Exposure to the Center
  • Located on Harry Sauner Road Near the Signalized Intersection with State Route 73 | Cumulative Traffic Counts Exceed 18,500 Vehicles per Day
  • Nearby National and Regional Retailers Include Kroger, Advance Auto Parts, Tractor Supply, Family Dollar, Factory Connection, Sherwin Williams, Dollar Tree, and More
  • Average Household Income is $58,453 within a Three-Mile Radius; $63,118 within a Five-Mile Radius; and $62,556 within a Ten-Mile Radius
  • The City of Hillsboro is Located in Highland County, 50 Miles East of Cincinnati, Ohio
  • Priced at $199 Per Square Foot