100% Occupied, 85,849 SF Community Shopping Center in Cincinnati, OH
5.5 Years Weighted Average Lease Term Remaining; No Near-Term Rollover – All Leases have Term thru 2027 or Longer
Low $8.25/SF NNN Average Rent & Priced Below Replacement Cost at $95/SF
Offered Free & Clear of Debt Allowing Purchaser to Pursue New Financing According to Investment Strategy
Anchored by Next Level Fitness & Training, Sky Zone (ROCKIN’ JUMP) & Caliber Collision (Collectively 79.2% of GLA)
Next Level Fitness & Training (30% of GLA) – 10-Year Lease thru October 2027; Low $5.52/SF Base Rent; 3-Unit Operator
Sky Zone (ROCKIN’ JUMP) (29% of GLA) – NNN Lease thru December 2028; Proven 16-Unit Operator In-Place at Site Since 2016
Caliber Collision (20.5% of GLA) – NNN Lease thru March 2031 w/ 10% Rent Increase in 2025; Top-Tier National Operator with 1,700 Locations in 41 States
CSL Plasma (11.3% of GLA) – In-Place Since 2016 with NNN Lease thru April 2032; 10% Rent Increase in 2027
Only Two True Small-Shop Units – My Eye Dr (In-Place Since 1990 Leased into 2028) & Mint Dentistry (In-Place Since 2008, Leased into 2029 w/ 2.5% Annual Increases)
My Eye Dr & Mint Dentistry are both National Operators with 700 and 105 Locations, Respectively
All Tenants Leased to Pro Rata, Uncapped NNN Terms Incl. Reimbursement of Mgmt Fees – Zero Operating Expense Slippage
All Tenants are Multi-Unit National or Regional Operators
Ease of Management with Only Six Tenants; 3 of 6 Tenants are Larger (>17,000 SF) Units with Only 9.5% of GLA (2 Units) of Small-Shop Space
Highway-Visible Property Located at Ohio Route 126 Exit Ramps (22,450 VPD)
Attractive Masonry & Brick Stamped EIFS Facade; Roof Replaced in 2016 with 20-Year Carlisle Warranty
Over $120K Invested by Seller to Acquire Adjacent Parcel to Build & Engineer Retaining Wall and Add Additional Parking Lot for Caliber Collision
Located Directly Across from Walmart Supercenter and within Close Proximity to Home Depot, Target, Kroger Marketplace, Aldi, Ross, Big Lots, Best Buy, JCPenney, Meijer, Hobby Lobby, and More
Dense Middle Income Demographics with 12,500/1-Mi, 95,400/3-Mi & 184,300/5-Mi Population Counts; AHHI of $70-76K
Cincinnati MSA – Home to a Population of Over 2.2M & Five Fortune 500 HQs; Center of a Broad Tri-State Area with and the Largest GDP in Ohio ($171 Billion)