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29830490
29830491

7701 Voice of America Centre Dr, West Chester, OH 45069

JJ
OH SAL.0000397605
CBRE - Cincinnati
CP
OH SAL.0000443707, KY Sales 207413
CBRE - Cincinnati
PF
OH SAL.2024000154
CBRE - Cincinnati
Listed by CBRE - Cincinnati
$4,400,000
104 days on market
Updated 15 days ago

Another Broken Egg & Pacific Dental

Details
APN M5620442000004
Property Type Retail
Sub Type Pharmacy/Drug, Restaurant (+1)
Square Footage 6,911
Cap Rate 6.50%
NOI $284,839
Occupancy 100%
Tenancy Multi
Brand/Tenant Another Broken Egg, Pacific Dental
Lease Type NNN
Remaining Term 86
Rent Bumps Yes
Price per SqFt $637
Broker Co-Op Yes
Class A
Year Built 2003
Year Renovated 2021
Buildings 1
Acreage 1.727
Parking Spaces 129 spaces
Parking Per SqFt 18.67

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.

Listing Contacts

JJ
OH SAL.0000397605
CBRE - Cincinnati
CP
OH SAL.0000443707, KY Sales 207413
CBRE - Cincinnati
PF
OH SAL.2024000154
CBRE - Cincinnati
Listed by CBRE - Cincinnati

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$284,839.00
$23,736.58/mo

Valuation Metrics

0
DSCR
6.47%
Cap Rate
6.47%
ROI

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