Springfield, OH 45505

Fifth Third Bank Ground Lease

Property Address

20 South Tuttle Road, Springfield, OH 45505, USA

Offering Summary

  • Price: $1,118,048
  • Lot Size: 1.153 Acres
  • Cap Rate: 6.25%
  • Year Built: 2006
  • Building SF: 6,141
  • Status: In Escrow
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  • Absolute NNN Ground Lease - New 5 Year Extension, Showing Commitment to the Site
  • 5% Rental Increases Every 5 Years with Multiple Renewal Options
  • Outparcel to Walmart Supercenter
  • Adjacent to ±1,500 New Single-Family and Multi-Family Homes in Development
  • Easily Accessible Location 3 Miles Off Interstate 70 and Along East National Road, Providing Direct Access into Downtown Springfield
  • 73,195 Residents within a 5-Mile Radius
  • Minutes from Buck Creek State Park, a Tourist Destination Featuring a 2,120-Acre Lake
  • Down the Road from the Prime Ohio Corporate Park, Home to Distribution Centers for ALDI, Gordon Food Service, and Dole Foods

Broker Information