Eastgate Shopping Center
94% Occupied 20,520 SF Multi-Tenant Shopping Center Located Along Old State Route 74 | Direct Access
Investment highlights
94% Occupied 20,520 SF Multi-Tenant Shopping Center Located Along Old State Route 74 | Direct Access to SR-32 (70,000 VPD
Anchored by Long-Term Medical & Service Tenants | Established Occupancy History with Renewals in Place
Average Rents of $14.17/SF with Majority of Tenants Having No Options
Offered Below Replacement Cost at $173/SF
Located at Hard Corner Across from CVS and United Dairy Farmers Convenience Store
Landlord-Friendly NNN Structures Provide Predictable Cash Flow and Reimbursement of Expenses
Surrounded by Major Retailers including Meijer, Walmart, Kroger and Sam’s Club
94% Occupied Asset with a Diversified Tenant Mix Mitigating Vacancy Risk
Dense Demographics with 104,000+ Residents Within 5 Miles | AHHI Near $100,000
Located in the Cincinnati MSA (2.25 Million Residents, $152 Billion GDP, 7 Fortune 500 Headquarters)
Cincinnati Region Has Experienced 4.2% Population Growth Over the Past Decade
Proximate to Dense Retail & Medical Corridor, Including Regional Draws Such as Eastgate Mall
Ample Surface Parking (70 Spaces) with Modern Masonry Construction (Built 1992)
Median Home Values Exceed $240K Within 5 Miles, Supporting Affluent Spending Patterns
Located in a Rapidly Developing Submarket East of Cincinnati with Ongoing Population Growth
Excellent Regional Connectivity via SR-32 and I-275 Loop – Major Commuter Corridor to Downtown Cincinnati
Lease Up Of The 1,200 SF Vacancy at $17/SF Would Increase NOI by $25,240 and Cap Rate Would Go Up To 8.21%
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