Forest Park Plaza

Cincinnati | Ohio

Offering Summary

  • Status: under contract
  • Price: $2,917,000
  • CAP Rate: 9.00%
  • GLA: 51,621 SF
  • Net Operating Income: $262,521
  • Price/SF: $57
  • Year(s) Built: 1966
  • Year(s) Renovated: 1994
  • Lot Size (Acres): 10.8609
  • Major Tenants: Family Dollar, JC Beauty, Hamro Grocery
  • 100% Occupied 51,621 SF Neighborhood Retail Center Positioned at Signalized Intersection in Cincinnati’s Forest Park Submarket
  • High Yield Opportunity – Offered at 9.00% Cap – Priced Below Replacement Cost at $57/SF
  • Offering Includes Two Outparcels – 1) Occupied by Free Standing Restaurant 2) .7 Acre Developable Outparcel
  • Average Rent Per Square Foot of $6.84 – Major Mark to Market Opportunity – Limited Options Remain
  • Majority (55% of GLA) of Tenants on Gross Leases –  Opportunity to Transition to NNN
  • Large Pylon Signage at Intersection with 5 Total Ingress/Egress Points
  • Dense Residential Surroundings | 10,000+ Residents within 1 Mile | 59,000+ Within 3 Miles | AHHI $80K
  • Within the Greater Cincinnati MSA, Home to Over 2.2 Million Residents
  • Family Dollar Ranks in the Top 22% Nationwide and Top 16% in Ohio for Sales Performance | #1 Family Dollar Store within a 15-Mile Radius Per Placer.ai | Top 28% Foot-Traffic in Hamilton County, Top 23% in Ohio, and Top 7% Within 15 Miles
EXCLUSIVELY LISTED BY:

Ashley Riegert

Associate