2900 Us-22Maineville, OH 45039

Property Details for 2900 Us-22

Year built

1962

Lot size

14.00 AC

Property size (Sq ft)

68,173 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents Landen Square Shopping Center, a stabilized retail property located at 2900 US-22, Maineville, Ohio, 45039. This 68,173 square foot shopping center, built in 1962 and renovated in 2012, sits on a 14-acre lot and boasts a remarkable 98% occupancy rate across its 21 units. The property features two single-story buildings with a diverse tenant mix, making it resilient to e-commerce trends. The current Net Operating Income (NOI) is $648,715, yielding an 8.01% cap rate with a pro-forma cap rate of 10.25%. The property benefits from a Kroger shadow anchor, NNN leases, and multiple points of ingress and egress, ensuring strong traffic flow exceeding 31,000 cars daily. Located in Warren County, Landen Square enjoys a prime location with over 140,000 people within a 5-mile radius and an average household income exceeding $157,000. Below-market rents and scheduled rent increases offer significant potential for future return growth. The asking price for this well-established retail destination is $8,100,000.

Location Insight

City

Maineville

County

Warren

State

Ohio

Latitude

39.311

Longitude

-84.2749

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