10560 HARRISON AVE Harrison OH 45030-2240

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Kmart property located within the Cincinnati MSA. Kmart has a long operating history at this property since 1981 and recently exercised a renewal option further illustrating their commitment to this location. ere are five years remaining on the recently extended Kmart lease which expires August 31, 2021. The lease features a low rent per square foot ($2.99) and is being offered below replacement cost ($39.97 per square foot).

The 86,714 square foot Kmart property is strategically located along Interstate 74 exposing the property to over 50,000 vehicles per day. Interstate 74 links the suburb of Harrison to downtown Cincinnati. e Kmart is strategically located within the area’s primary retail destination which features Home Depot, Kroger Market Place, Walgreens, CVS, Big Lots, McDonald’s, Chipotle, Key Bank, AutoZone and Remke Markets. e average annual household income within a seven mile radius of the property is approximately $80,000.

Kmart is the third largest discount store chain in North America, behind Walmart and Target, with 941 locations. e chain purchased Sears for $11 billion in 2005, forming a new corporation under the name Sears Holdings Corporation. Sears Holdings operates 1,672 retail locations under the mastheads of Sears, Kmart, and their subsidiaries, such as auto centers and pharmacies. As of 2014, it is the 18th largest retailer in the United States. Sears Holdings Corporation is publicly traded on the Nasdaq (SHLD) with a market capitalization of $1.5 billion. 

INVESTMENT HIGHLIGHTS

• Located within the Cincinnati MSA
  
• Kmart has a long and successful operating history at this location (since 1981)
  
• Tenant is committed to this location as evidenced by recently exercising a renewal option
  
• Triple Net – no landlord responsibilities
  
• Low rent per square foot ($2.99)
  
• Below replacement cost at $39.97 per square foot
  
• Positioned along Interstate 74 with exposure to 50,000+ vehicles per day 
• Located within a retail trade area which features Home Depot, Kroger Market Place, Walgreens, CVS, Big Lots, McDonald’s, Chipotle, Key Bank, AutoZone and Remke Markets