Another Broken Egg & Pacific Dental
Two-Tenant 6,911 SF Retail Building | Investment Opportunity
Marketing description
CBRE Investment Properties is proud to offer for sale the fee simple interest in a two-tenant, freestanding, Class A, 6,911 square foot retail asset occupied by Pacific Dental and Another Broken Egg. The asset, 7701 Voice of America Centre Drive, was completely redeveloped in 2021 and is prominently located as an outlot to one of Greater Cincinnati's most dominant shopping destinations, Voice of America. The asset features two tenants, Pacific Dental and Another Broken Egg, with both tenants initially executing ten (10) year leases and Another Broken Egg recently renewing early for five (5) years, giving them a new ten (10)+ year lease.
Located in the affluent West Chester community in suburban Cincinnati, Ohio, the asset prominently sits at the Tylersville and Cox Road intersection, the "Main & Main" intersection in the submarket. West Chester Township is the largest township in the State of Ohio by population and has quickly become the economic center of the growing Cincinnati-Dayton Metroplex. The area boasts strong demographics, with a population in the one-, three-, and five-mile radius of 5,261, 63,165, and 147,248, and average household incomes of $125,166, $151,733, and $158,819 in the same range.
The asset offers excellent ingress/egress via Tylersville and Cox Roads, with signalized lights at both entrance points into the Voice of America (VOA) shopping center. VOA is a super-regional 450,000 square-foot Target-anchored center with national co-tenants, including Michael's, PetsMart, The Fresh Market, Ulta, and TJ Maxx.
Investment highlights
The asset is 100% occupied with a Weighted Average Lease Term of over 8 years, ensuring a stable and secure income stream.
The property is anchored by two national tenants, Pacific Dental and Another Broken Egg, with Pacific Dental being a leading dental support organization with over 1,000 locations nationwide.
The property is situated in the heart of the Tylersville retail submarket in the affluent West Chester Community, with high traffic counts and a dominant regional trade area.
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