Village Crossings Shopping Center

Cincinnati, Ohio

Village Crossings Shopping Center

10400 Reading Road
Cincinnati, OH 45241

Offering Summary

  • Status: closed
  • Price: $6,850,000
  • CAP Rate: 9.22%
  • GLA: 89,008 SF
  • Net Operating Income: $631,791
  • Price/SF: $83.53
  • Year(s) Built: 1960
  • Year(s) Renovated: 2010
  • Lot Size (Acres): 8.89
  • Major Tenants: CAM International Market, Aldi, JoAnn
  • 95% Occupied, 89,008 SF Double Grocery Anchored Shopping Center in Cincinnati, OH
  • Anchored by Long Term Tenants Aldi (Since 2007), JoAnn (Since 2000) and CAM International Market (Since 2002)
  • Next Closest Aldi = 7 Miles; Next Closest JoAnn = 9 Miles
  • Aldi Recently (2018) Early-Extended Lease Through 2027
  • JoAnn Recently (2019) Early-Extended Lease Through 2026
  • CAM International Market Expanded Their Space by 70% and Signed New 11 Year Lease Commencing in 2013
  • Affluent Demo’s: $140K AHHI within 1-Mile, $94K within 5-Miles
  • 1 Mile from GE Aviation Headquarters (6,500 Employees)
  • 86% of GLA Leased Through 2024 or Later
  • +/- 1 Acre Vacant Pad at Signalized Entrance Offers Upside Potential with Ground Lease or NNN Development Opportunity
  • Located at Corner of Reading and Glendale-Milford Roads; Intersection Sees Traffic Counts of 46,767 Vehicles Per Day
  • Adjacent to Tri-Health Evendale Hospital with 29 Beds, and Across from Walmart and Menard’s
  • Cincinnati MSA – Home to a Population of Over 2.2 Million Spanning 3 States
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director