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McAlister's Deli & Body Alive US Highway 42 6,624 SF 100% Leased 4-Star Retail Building Union, KY 41091 $5,759,511 CAD ($869.49 CAD/SF) 6.90% Cap Rate



Investment Highlights
- Long Term Leases
- Dynamic Corporate Tenants
- Strategic Retail Location
- Attractive Rent Increases
- Net Leases
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of a new construction two-tenant plaza located at 9148 Old Union Road in Union, Kentucky (the “Property”). The two-tenant plaza is improved by McAlister’s Deli and Body Alive and contains 6,624 square feet on a 0.89-acre parcel of land. McAlister’s Deli has a new ten-year lease with three (3), 5-year renewal options. Body Alive also has a new ten-year lease with two (2), 5-year renewal options. Both leases provide attractive rent increases throughout the primary lease term and renewal options. The Property enjoys outstanding visibility and frontage along US Highway 42, the area’s primary commercial and commuter corridor. The Property is positioned within Union Promenade, a large regional mixed-use development anchored by Cincinnati Children’s Hospital, 70,000 square feet of retail space leased to national and local retailers and restaurants, 300 luxury apartments and 50 single-family residential homes. McAlister’s Deli & Body Alive are seconds from a Kroger Marketplace anchored shopping center, driving traffic to the area, and are surrounded by densely populated residential neighborhoods and new construction residential communities providing a built-in customer base. The Property offers convenient access to area schools, highways, the Cincinnati/Northern Kentucky International Airport and Downtown Cincinnati (16 miles away).
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,624 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$5,759,511 CAD
Price Per SF
$869.49 CAD
Cap Rate
6.90%
NOI
$397,406 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.89 AC
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Body Alive
- Arts, Entertainment, and Recreation
- -
- -
- -
- McAlister's Deli
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Body Alive | Arts, Entertainment, and Recreation | - | - | - | ||
| McAlister's Deli | Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 063.00-00-002.05 | Improvements Assessment | $0 CAD |
| Land Assessment | $836,412 CAD | Total Assessment | $836,412 CAD |
Property Taxes
Parcel Number
063.00-00-002.05
Land Assessment
$836,412 CAD
Improvements Assessment
$0 CAD
Total Assessment
$836,412 CAD
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McAlister's Deli & Body Alive | US Highway 42
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