High Point Village | Bellefontaine, OH
Value Add Grocery Anchored Center
Marketing description
Cushman & Wakefield is pleased to present the opportunity to purchase High Point Village, a 150,873 SF grocery-Anchored retail center in Bellefontaine, OH, the county seat of Logan County. Anchored by Kroger, Dunham’s Sports, Bealls and Dollar General, High Point Village provides customers an array of shopping sector options including grocery (Kroger), sporting goods (Dunham’s), Discount (Dollar General, Bealls, maurice’s, Rent-A-Center) and dining (China Grill Buffet, Burger King N.A.P. and Huey Magoo’s N.A.P.) creating an ideal tenant mix for the customers of Bellefontaine. Strategically located along the heavily traveled SR 68 (14,214 VPD), the property sits in the heart of the market’s primary commercial corridor surrounded by other national retailers such as Walmart, Lowe’s, TJ Maxx and many others.
Please use the following link to access the deal room: High Point Village
Investment highlights
DOMINANT KROGER ANCHOR
- Kroger has been a staple in Bellefontaine and at High Point Village, having occupied since 1989. Most recently they renewed their commitment to the property by extending their lease until January 2034.
- Kroger has seven 5-year renewal options.
- Kroger offers a variety of services at this location including Kroger Fuel, Pharmacy, online ordering and floral, among others.
ACCESS AND VISIBILITY
- High Point Village is strategically located along the heavily traveled US-68 seeing over 14,200 VPD. The center benefits from easy access via a signalized intersection at Allen Road as well as two other points of ingress/egress.
- Situated in the primary commercial area of Bellefontaine and Logan County as a whole.
- Placer.ai estimates Kroger to achieve store sales of $50.8 MM at High Point Village. This equates to a very strong gross net health ratio of 0.8%
COUNTY SEAT
- Bellefontaine is the county seat for Logan County, OH providing a reliable employment base
- and is the regional hub for government, commerce, education and healthcare
IMMEDIATE UPSIDE
- At 91% occupied, the Property provides stable cash flow to investors with immediate upside through lease-up of vacant space.
- Mark-to-market opportunities with five tenants operating with no renewal options.
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