98% Occupied, 380,827 SF Walmart & Lowe’s Anchored Regional Center in Athens, OH
Athens is Major College Town – Home to Ohio University with 23,323 Students, NCAA Division I Public Research University Located Only 2 Miles East of Property
Leasehold Opportunity – 40-Year Underlying Ground Lease has Options Thru 2080 (Ground Owner is Ohio University)
New 10-Year NNN Lease with Planet Fitness on 14,642 SF – Anchors Small-Shop Retail Strip
Offers 13.3% Year 1 Cash-on-Cash Return & 19.4% 10-Year IRR at Proposed Financing Terms
Almost all NNN or Ground Leased Tenants – Strong Recovery of RE Tax, CAM, and Ins Expenses
Offering Includes Burger King (Exp. 12/2022), Advance Auto (Exp. 2032) & Advance Auto (Exp. 5/2032) Ground Leased Outparcels
New 10-Year Pizza Cottage Ground Lease Commencing January 2021
All Ground Lease Tenants Self-Maintain their own Parcels
Upside via Lease-Up of 1 Small-Shop Space – 5,000 SF
10,710 Cars/Day on E State Street & 26,075 Cars/Day on US-33
Minimal Competition – No Other Large-Format Home Improvement Store within 40 Minutes, Nearest Walmart is a 30-Minute Drive
Dominant, Destination Retail Development on Athens Primary Retail Corridor
Prominent National Tenants in the Vicinity Include Tenants in the Vicinity Include Kroger, JOANN, Dollar Tree, Tractor Supply, Gordmans, Big Lots, Dunham’s Sports, Aldi & Dozens More