Retail Space - For Sale
2425 East Main Street Springfield, OH 45503
Details & Description
Price: $527,500
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.390
  • Building Sq Ft 7,590
  • Building Price per Sq Ft $69.50
  • Land Sq Ft 16,988
  • Land Price per Sq Ft $31.05
  • NOI $47,472
  • CAP Rate % 9.00
Marcus and Millichap is pleased to present the Aaron’s located in Springfield, Ohio. The offering is a 7,590- square foot single-tenant, free standing building that was built in 1948 on approximately 0.39-acres. There are 3 years remaining on a 10 year NNN lease with four, 5-year renewal options and rental increases in each option. The landlord is responsible for roof only. The property recently had two new HVAC units installed in 2020 and in 2021.The subject property is located along US-40/East Main Street in Springfield which sees 11,000+ vehicles per day and is the main thoroughfare of Springfield. It is situated in a dense retail corridor near multiple national retail tenants such as Wendy’s, McDonald’s, CVS, Walgreens, AutoZone, Kroger, and Walmart Supercenter. Springfield is located 45 minutes from downtown Columbus and 35 minutes from Dayton.
Property Highlights
Additional Photos
Listing Agents
Dan Yozwiak

O: 614-360-9036
dan.yozwiak@marcusmillichap.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2425 East Main Street

Springfield, OH 45503

Listing ID: 285966
Property No Longer Listed
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.390
  • Building Sq Ft 7,590
  • Building Price per Sq Ft $69.50
  • Land Sq Ft 16,988
  • Land Price per Sq Ft $31.05
  • NOI $47,472
  • CAP Rate % 9.00
  • 2425 East Main Street Springfield, OH 45503 | for Sale | Photo 1
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Property Highlights
 3 Years Remaining on a 10-Year NNN Lease with Four, 5-Year Options
 Rental Increases in Each Option
 New HVAC Units Installed in 2020 and 2021
 Landlord Responsible for Roof Only
Description

Marcus and Millichap is pleased to present the Aaron’s located in Springfield, Ohio. The offering is a 7,590- square foot single-tenant, free standing building that was built in 1948 on approximately 0.39-acres. There are 3 years remaining on a 10 year NNN lease with four, 5-year renewal options and rental increases in each option. The landlord is responsible for roof only. The property recently had two new HVAC units installed in 2020 and in 2021.

The subject property is located along US-40/East Main Street in Springfield which sees 11,000+ vehicles per day and is the main thoroughfare of Springfield. It is situated in a dense retail corridor near multiple national retail tenants such as Wendy’s, McDonald’s, CVS, Walgreens, AutoZone, Kroger, and Walmart Supercenter. Springfield is located 45 minutes from downtown Columbus and 35 minutes from Dayton.

Attachments & Files

Springfield Area Market Trends

Listing Demographics for 2425 East Main Street Springfield, OH 45503

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population11,45553,35878,352
Population Median Age393739
Population by Age0-9 Yrs1287 (11%)7101 (13%)9952 (12%)
10-19 Yrs1449 (12%)7888 (14%)10883 (13%)
20-29 Yrs1940 (16%)8107 (15%)10625 (13%)
30-39 Yrs1195 (10%)6509 (12%)9069 (11%)
40-49 Yrs1483 (12%)5791 (10%)8539 (10%)
50-59 Yrs1854 (16%)6801 (12%)10272 (13%)
60-69 Yrs1232 (10%)6109 (11%)9455 (12%)
70+ Yrs1015 (8%)5053 (9%)9557 (12%)
Median HH Income$39,406$40,397$44,047
Total Household Income< 24K1509 (32%)6393 (30%)8650 (27%)
25-49K1358 (29%)6313 (30%)9202 (28%)
50-74K907 (19%)3590 (17%)6075 (19%)
75-99K414 (8%)2192 (10%)3536 (11%)
100-199K442 (9%)2189 (10%)3904 (12%)
200K+48 (1%)230 (1%)508 (1%)
Highest Education LevelNo Diploma128453417120
Diploma or GED37091416620170
Some College1496739311785
Assoc. Degree65227054514
Bachelors Degree40226735007
Higher Degree15517113479
Total Housing Units5,24124,65236,548
--Owner-Occupied2,33110,68017,824
--Renter-Occupied2,34610,22714,051
Owner-Occupied Values< 100K189367289277
100-199K36432416414
200-299K344261365
300-399K4121389
400-499K020102
500K+35144277
Total Working Age Population9,27041,94162,446
In Work Force5,82525,48237,403
Not In Work Force3,44616,45925,043
Workforce Employed5,43823,00234,204
Workforce Unemployed3862,4613,169
Civlian Workforce5,82525,46337,373
Military Workforce01930
Total Households4,67720,90831,876
Family Households2,71112,81919,524
Non-Family Households1,9668,08812,352
Married Couple1,5927,24212,048
Other Family1,1205,5777,475
Married w/Child4912,2823,842
Single Male w/Child148703942
Single Female w/Child4252,5813,348

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Ohio11,353,140+211,536,504011,574,870011,615,100
Clark County144,742-4138,333-4133,240-3129,900

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
James M Cox Dayton International Airport (DAY) 24
Rickenbacker International Airport (LCK) 45
John Glenn Columbus International Airport (CMH) 47