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INVESTMENT HIGHLIGHTS
100% Occupied Neighborhood Retail Center with Outstanding Diversified Tenant Mix The Property is a 100% occupied neighborhood retail center and features a diverse tenant mix of everyday essential retail services -- food/coffee, veterinary services, fitness and health/beauty -- all convenience-oriented retail services that cannot be replicated online, further demonstrating the stability in the asset long term.
Ideal Bay Sizes in an Extremely Tight Retail Market Limited supply and availability have pushed vacancy rates in Cincinnati to historic lows of 4.3%, lower than the national benchmark of 4.7%. The availability rate is tightest amongst smaller box sizes, sitting at 2% in spaces under 5,000 square feet. The Property features an average suite size of 1,956 square feet which appeals to the largest pool of prospective tenants, offering an investor an incredible opportunity to own a stabilized asset with extremely strong real estate fundamentals.
Top Performing National Retailers with Endcap Drive-Thru & Recent Lease Extension The Property features two of the most prominent retailers: Starbucks and Chipotle. Both are are very strong performing locations and account for more than 50% of the annual rental income. Most recently, Starbucks extended their lease early for an additional five (5) years demonstrating their success and commitment to operate at this location long term.
Shopping Center Net Leases w/ Staggered Expiration Dates All tenants are operating under shopping center net leases whereby each tenant reimburses landlord for Common Area Maintenance, Real Estate Taxes, and Insurance. Additionally, the Property features staggered lease expiration dates creating a even more stability in the asset.
Excellent Visibility & Accessibility The Property is strategically located at the northwest signalized corner of Loveland Madeira Rd (20,642 VPD) & Kemper Ave (6,262 VPD) -- less than 1 mile north of the on/off ramps for Interstate 275 (93,391 VPD), a major daily commuting interstate in the Cincinnati MSA. Additionally, the Property features access points on both Loveland Maderia and Kemper Ave.
Excellent Surrounding Retail Trade Area -- Loveland-Madeira Surrounding national retailers in the immediate trade area include: Walgreens, CVS Pharmacy, Mercy Health, Wendy’s, Taco Bell, Circle K, Skyline Chili, Dollar Tree, Great Clips, The UPS Store, Tropical Smoothie Cafe, and Arby's amongst many others.
Dense, Affluent, Growing Demographic Base The Property benefits from over 120,000 residents within a 5-mile radius and average household income of $190,738 within a 1-mile radius.
