- 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)
- 20-Year Ground Leased Walmart (Exp. 2021) & 22-Year Ground Leased Lowe’s (Exp. 2026)
- 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
