For Sale
Request a price11315 Montgomery Rd Cincinnati, OH 45249
Cincinnati Retail Investment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Cincinnati Retail Investment Opportunity
- Where is the lifestyle center located?
- The property is located at 11315 Montgomery Rd Cincinnati, OH.
- What are key features of this property?
- This property features: 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).
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