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665-699 Northland Blvd 47,467 SF 100% Leased Retail Building Cincinnati, OH 45240 $3,889,033 CAD ($81.93 CAD/SF) 9.20% Cap Rate
EXECUTIVE SUMMARY
00% Occupied 51,621 SF Neighborhood Retail Center Positioned at Signalized Intersection in Cincinnati’s Forest Park Submarket
High Yield Opportunity – Offered at 10.7% C/C – Priced Below Replacement Cost at $55/SF
Offering Includes Two Outparcels – 1) Occupied by Free Standing Restaurant 2) .7 Acre Developable Outparcel
Average Rent Per Square Foot of $6.74 – Major Mark to Market Opportunity – Limited Options Remain
Majority (55% of GLA) of Tenants on Gross Leases – Opportunity to Transition to NNN
Large Pylon Signage at Intersection with 5 Total Ingress/Egress Points
Dense Residential Surroundings | 10,000+ Residents within 1 Mile | 59,000+ Within 3 Miles | AHHI $80K
Within the Greater Cincinnati MSA, Home to Over 2.2 Million Residents
Family Dollar Ranks in the Top 22% Nationwide and Top 16% in Ohio for Sales Performance | #1 Family Dollar Store within a 15-Mile Radius Per Placer.ai | Top 28% Foot-Traffic in Hamilton County, Top 23% in Ohio, and Top 7% Within 15 Miles
High Yield Opportunity – Offered at 10.7% C/C – Priced Below Replacement Cost at $55/SF
Offering Includes Two Outparcels – 1) Occupied by Free Standing Restaurant 2) .7 Acre Developable Outparcel
Average Rent Per Square Foot of $6.74 – Major Mark to Market Opportunity – Limited Options Remain
Majority (55% of GLA) of Tenants on Gross Leases – Opportunity to Transition to NNN
Large Pylon Signage at Intersection with 5 Total Ingress/Egress Points
Dense Residential Surroundings | 10,000+ Residents within 1 Mile | 59,000+ Within 3 Miles | AHHI $80K
Within the Greater Cincinnati MSA, Home to Over 2.2 Million Residents
Family Dollar Ranks in the Top 22% Nationwide and Top 16% in Ohio for Sales Performance | #1 Family Dollar Store within a 15-Mile Radius Per Placer.ai | Top 28% Foot-Traffic in Hamilton County, Top 23% in Ohio, and Top 7% Within 15 Miles
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
47,467 SF
Building Class
C
Year Built/Renovated
1966/1994
Price
$3,889,033 CAD
Price Per SF
$81.93 CAD
Cap Rate
9.20%
NOI
$357,903 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
9.69 AC
Opportunity Zone
Yes
Parking
281 Spaces (8.15 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 591-0005-0218 | Improvements Assessment | $424,851 CAD |
| Land Assessment | $352,662 CAD | Total Assessment | $777,513 CAD |
PROPERTY TAXES
Parcel Number
591-0005-0218
Land Assessment
$352,662 CAD
Improvements Assessment
$424,851 CAD
Total Assessment
$777,513 CAD
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665-699 Northland Blvd
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