For Sale
Call for price
11315 Montgomery RdCincinnati, OH 45249
Cincinnati Retail Investment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Grocery-anchored community center in a highly desirable Cincinnati submarket, anchored by Fresh Thyme and TJ Maxx/HomeGoods.
- Fresh Thyme, TJ Maxx, HomeGoods, and Pet Supplies Plus recently renewed their leases for five years with rent increases; these four tenants comprise nearly 50% of base rent.
- 5+ years of weighted average lease term (WALT) remaining. TJ Maxx and HomeGoods boast high sales volumes and have operated successfully at this location since 1999; 2023 sales: HomeGoods $9,615,803 (4.4% occupancy cost), TJ Maxx $13,183,180 (3.7% occupancy cost).
- Attractive tenant mix includes synergistic service-based businesses (restaurants, spas, salons, etc.) with long-term leases and strong performance; restaurants report healthy sub-12% occupancy costs and sales of $275-485 per square foot.
- Value-add opportunity: 50,000 SF endcap vacancy (previously occupied by LA Fitness).
- Extremely affluent trade area: 275,000+ people; $151,551 average household income within 1 mile; nearly $400,000 median home value; 5-mile population of 143,000 with an average household income of $132,000 and a daytime population of 111,000.
Property Details for 11315 Montgomery Rd
- Property type
- Lifestyle centers, Power centers
- Year Built
- 1994
- Lot Size (sq. ft)
- 843,322 SF
Location Insight
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Latitude
- 39.2714685
- Longitude
- -84.3308656
11315 Montgomery Rd, Cincinnati, Ohio
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website