Listed by Lee & Associates Cincinnati, Lee & Associates - Cincinnati
$4,950,000
Yorkshire Plaza Grocery Anchored Shopping Center
Details
APN 7370-31-001-001-3-101-00
Property Type Retail
Sub Type Shopping Center
Square Footage 66,316
Units 15
Cap Rate 8.50%
NOI $420,394
Occupancy 94.6%
Tenancy Multi
Brand/Tenant Homeland Grocery, Merle Norman
Rent Bumps Yes
Price per SqFt $75
Broker Co-Op Yes
Year Built 1986
Buildings 1
Stories 1
Acreage 7.890
Investment Type Value Add
Ownership Fee Simple
Grocery Anchored | 8.50% CAP | $4.95M | 95% Occupied
Marketing description
For All Inquiries Email TeamKinnardFalk@Lee-Associates.com or Call (513) 900-7509 (c)
Investment highlights
66,316 Square-Foot Grocery Anchored Neighborhood Retail Center
Homeland is a Subsidiary of AWG (largest grocery wholesalers in US)
Economic Tailwinds – AI Data Center, Lithium Refinery Among Notable Local Projects
8.50% Cap Rate on Current Income – 3,500sf Vacancy Upside
Priced Below Replacement Cost at $75psf
Hard Corner, Excellent Access, Visibility and Signage
Durable TPO Roof System, Minimal Deferred Maintenance
Listing Contacts
Listed by Lee & Associates Cincinnati, Lee & Associates - Cincinnati
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$420,394.00
$35,032.83/mo
Valuation Metrics
0
DSCR
8.49%
Cap Rate
8.49%
ROI
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