Hamilton Shops - Hamilton, OH
100% Leased Shopping Center | Shadow Anchored by Kroger | High Yield - 8.55% CAP
Marketing description
Sands Investment Group is Pleased to Exclusively Offer For Sale the Hamilton Shops Strip Center Located at 1476-1496 South Erie Boulevard in Hamilton, OH. The Property Includes a 100% Leased 6 Tenant Strip Center on a Long Term Ground Lease (Ground Lease Runs For 66 Years Including Options), Providing a New Investor Long Term Security, Strong Cash Flow & Full Depreciation Benefits. Shadow Anchored By a Top-Producing Kroger Grocery Store (Placer.ai) With 1.3M Visits Per Year, the Subject Property Benefits From a Strong Destination Location and Customer Draw. With a Long Term Operating History and Low Historical Vacancy, This Property Provides an Investor Security, High Yield, Low Cost Per Square Foot, and Favorable Depreciation Benefits.
Investment highlights
Shadow Anchored By Top Performing Kroger Location (NAP): This Kroger Performs in the Top 4% of All Grocery Stores Nationwide (Placer.ai) With 1.3M Visits Per Year Creating a Strong Destination Location and Customer Draw
100% Leased Shopping Center Featuring 6 Tenants, Including Casual Dining, Healthcare, and Other Essential Services; The Variety of Business Types Ensures a Steady Income Stream and Broad Customer Appeal, Making this a Strong and Stable Investment
High Yield (8.55% Cap Rate) and Low Cost Per Square Foot Opportunity ($170 PSF)
Below Market Rents (Average $16.08) Providing Future Security / Potential Upside to a New Investor
Long-Term Operating History / Low Historical Vacancy - 4 of the 6 Tenants Have Operated at the Property For Over 15 Years
Long Term Leasehold (66 Years Remaining With Options) Provides New Investors with Full Depreciation
Affluent Trade Area - Over $95,014 Average Household Income Within a 5-Mile Radius
Densely Populated Area - Over 147,000 Residents Residing Within a 5-Mile Radius Contributing to the Shopping Center's Sustained Success
Strong Retail Corridor With Neighboring Tenants Including - Kroger, Chipotle, McDonald's, Sonic Drive-In, Secure EZ Storage, Domino's Pizza, and More
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