Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

944 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Turfway Crossing 1336 Hansel Ave 99,578 SF 100% Leased Retail Building Florence, KY 41042 $24,014,754 CAD ($241.17 CAD/SF) 8% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Nationally Anchored 99,578 SF Shopping Center in the Cincinnati MSA: Dick’s Sporting Goods & Arhaus The Loft
Densely Populated Suburb of Cincinnati: 150,000+ Residents within the 5-Mile Radius
Top Performing Retail Corridor in Kentucky: Many of the Nearby Big Box Retailers having Top 80 Percentile Stores in the State on this Corridor

Durable Income Stream: 6.0 WALT
Strong Dick’s Sporting Goods Performance Metrics; Top 78% Nationally and Top 81% in Kentucky
Cincinnati/Northern Kentucky International Airport (CVG) sits behind the Property Servicing 9.2 Million Passengers Annually

Executive Summary

Franklin Street is pleased to present the opportunity to acquire Turfway Commons, a 99,578 SF regional shopping center in Florence, Kentucky. Florence is a southwest suburb in the Cincinnati MSA, which is home to 2.3 million residents. The region has seen consistent growth, with the metro population
increasing by over 50,000 people (approximately 2.3%–2.8%) over the past five years. The Cincinnati MSA (OH-KY-IN) is experiencing strong economic growth, with its GDP reaching $198 billion, making it the top economic engine in Ohio. Turfway Crossing is located in a major retail corridor servicing a large
trade area. Dick’s Sporting Goods is an original tenant with 25 years of operational history at this location and recently extended their lease to give them 5 years remaining on their lease term. Arhaus, an upscale home furnishing company with 100+ units, moved into the center in 2024. The investment offers a stable income stream from corporate tenants with scheduled rent increases through primary terms and option periods.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

99,578 SF

Building Class

Year Built

2001

Price

$24,014,754 CAD

Price Per SF

$241.17 CAD

Cap Rate

NOI

$1,922,024 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Loading Docks

4 Exterior

Building FAR

0.28

Lot Size

8.20 AC

Opportunity Zone

Yes

Zoning

C-2 - Retail

Parking

429 Spaces (4.4 Spaces per 1,000 SF Leased)

Frontage

573’ on Hansel Ave

Pylon Sign

Retailer
-
-
Jan 0000

DICK'S Sporting Goods began in 1948, when Dick Stack started a sporting goods business after working in an Army surplus store in Binghamton, New York. DICK'S Sporting Goods has since grown into a full-line omni-channel sporting goods retailer with banners including DICK'S Sporting Goods, Golf Galaxy, Public Lands, Going Going Gone!, House of Sport, and Golf Galaxy Performance Center. The company sells athletic equipment, apparel, footwear, and accessories, while also supporting shopping through physical stores and digital channels. DICK'S Sporting Goods is a global sports retailer with continued expansion across its core business and related formats.