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Hamilton Shops - Hamilton, OH 1476-1496 S Erie Hwy 14,544 SF 100% Leased Retail Building Hamilton, OH 45011 $3,280,412 CAD ($225.55 CAD/SF) 8.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Shadow Anchored By Top Performing Kroger Location (NAP): This Kroger Performs in the Top 4% of All Grocery Stores Nationwide
- High Yield (8.55% Cap Rate) and Low Cost Per Square Foot Opportunity ($170 PSF
- Long-Term Operating History / Low Historical Vacancy - 4 of the 6 Tenants Have Operated at the Property For Over 15 Years
- 100% Leased Shopping Center Featuring 6 Tenants, Including Casual Dining, Healthcare, and Other Essential Services
- Below Market Rents (Average $16.08) Providing Future Security / Potential Upside to a New Investor
- Long Term Leasehold (66 Years Remaining With Options) Provides New Investors with Full Depreciation
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the Hamilton Shops Strip Center Located at 1476-1496 South Erie Boulevard in Hamilton, OH. The Property Includes a 100% Leased 6 Tenant Strip Center on a Long Term Ground Lease (Ground Lease Runs For 66 Years Including Options) Providing a New Investor Long Term Security, Strong Cash Flow & Full Depreciation Benefits. Shadow Anchored By a Top Producing Kroger Grocery Store (Placer.ai.) With 1.3M Visits Per Year, the Subject Property Benefits From a Strong Destination Location and Customer Draw. With a Long Term Operating History and Low Historical Vacancy, This Property Provides an Investor Security, High Yield, Low Cost Per Square Foot and Favorable Depreciation Benefits.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,544 SF
Building Class
B
Year Built
2006
Price
$3,280,412 CAD
Price Per SF
$225.55 CAD
Cap Rate
8.55%
NOI
$280,358 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
10.14 AC
Zoning
BPD - Business Planned Development
Parking
120 Spaces (3.9 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- CareFirst Urgent Care
- Health Care and Social Assistance
- -
- -
- Jun 2028
- Hi-Tek Nails
- Rental and Leasing Services
- -
- -
- Feb 2028
- Leftys Tobacco Plus
- Retailer
- -
- -
- Apr 2028
- Little Caesars
- Accommodation and Food Services
- -
- -
- Jan 2030
- RentMart
- Retailer
- -
- -
- Apr 2032
- Skyline Chili
- Retailer
- -
- -
- Jun 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| CareFirst Urgent Care | Health Care and Social Assistance | - | - | Jun 2028 | ||
| Hi-Tek Nails | Rental and Leasing Services | - | - | Feb 2028 | ||
| Leftys Tobacco Plus | Retailer | - | - | Apr 2028 | ||
| Little Caesars | Accommodation and Food Services | - | - | Jan 2030 | ||
| RentMart | Retailer | - | - | Apr 2032 | ||
| Skyline Chili | Retailer | - | - | Jun 2026 |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | P6451-035-000-005 | Improvements Assessment | $0 CAD |
| Land Assessment | $67,604 CAD | Total Assessment | $67,604 CAD |
PROPERTY TAXES
Parcel Number
P6451-035-000-005
Land Assessment
$67,604 CAD
Improvements Assessment
$0 CAD
Total Assessment
$67,604 CAD
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Hamilton Shops - Hamilton, OH | 1476-1496 S Erie Hwy
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