Value Add Opportunity: Increase Net Operating Income by 28 Percent via Lease-Up of Vacant Suites (13,653 Square Feet) at Market Rates; Projected Year Three Net Operating Income of $3,184,351
Parcelization Strategy: Freestanding Credit Users Including Best Buy, Starbucks, and an Under Market Logan’s Roadhouse Pad are Prime Candidates for Bifurcation
Pad Development Opportunity: Undeveloped 0.45 Acre Pad Along Entry Drive Lane that Sits On it’s Own Tax Parcel
Tenured Rent Roll: 21 of 27 Tenants Remain in Center from Original Development with Over 10 Years of Tenancy; 81 Percent of Base Rent from National Tenants with Over 10 Years of Tenancy
Best Positioned Center in Submarket: Out-Positions All Centers in Market with Entrance 700 Feet of Interstate 275 in Combination with Modern Open-Air Retail Architecture as Center was Built Between 2007-2012. Stone Creek is an Attractive Option for Tenants Looking to Relocate to the Premier Center in the Submarket
Regional Draw: Center is a True Regional Draw with 4.2 Million Customer Visits Over the Last Year and Over Five Miles to Nearest Location for Many of Stone Creek’s Retailers
85 Percent of Annual Base Rent Originates from National Tenants, Non-Nationals Comprise Only 14,420 Square Feet (9.6 Percent of Gross Leasable Area)
Located Within Primary Retail Trade Area Serving Colerain Township (Population is 59,000); Neighboring Retailers Drawing Traffic to the Trade Area include Kroger Marketplace, Walmart, Lowe’s, Dick’s, Hobby Lobby, JOANN, Bob’s Discount Furniture, Marshalls, Michaels, ULTA, DSW, and More