7670-7714 Montgomery Rd, Cincinnati, OH, 45236
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Key Information
Highlights
• Grocery Anchored Neighborhood Center Ideally Located In One Of The Premier Retail Corridors In The State Of Ohio | Highly Sought-after Affluent & Infill Cincinnati Submarket | Future Mark-To-Market Opportunities With Significantly Below Market Rents
• Primely Situated Less Than A Mile From The Top-Rated Mall In Cincinnati – Kenwood Towne Center | Heavily Trafficked Regional & Local Shopping Destination
• Future Repositioning Opportunity in One of Ohio’s Premier Retail Corridors | Near Term Control of the Rent Roll with Nearly 65% of GLA Being Vacant, Having No Options or Only One 5-Yr Option Remaining | 93% of GLA has Only Two 5-Yr Options or Less Remaining
• Immediate Opportunity To Increase Cash Flow Via Lease-Up Of 15,519 SF Of Vacancy (5 Units)
• Significantly Under-Market Rents – Annual Base Rent = $14.07 PSF | Being Offered Well Below Replacement Cost
• Ideal Location in Robust Retail Corridor at Signalized Intersection Along Montgomery Rd | Excellent Access & Visibility | Less Than 1-Mile From I-71, Kenwood Towne Center & Kenwood Collection
• Primely Positioned in one of the Most Affluent, Growing, and Infill Submarkets Of the Cincinnati MSA
• Offered Free & Clear Of Existing Financing
• Strong Leasing Momentum | Recent Extensions With Gordon Food Service, Dollar General, Discount Fashion Warehouse, Buffalo Wild Wings & Sherwin-Williams | New 10-Yr Leases With Hibbett Sports & Gracie Barra
• Highly Desirable Demographics | 3-Mile AHHI: $119,000 | 5-Mile Population: 181,000 | Projected Population Growth In The 1, 3 And 5 Mile Radius Over The Next 5 Years
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