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32442712
32442718

7701 Hoke Rd, Englewood, OH 45315

EG
PA RS318989
CBRE - Pittsburgh
CP
OH SAL.0000443707, KY Sales 207413
CBRE - Cincinnati
AC
PA PA RS353077
CBRE - Pittsburgh
Listed by CBRE - Pittsburgh, CBRE - Cincinnati
$2,106,000
24 days on market
Updated 7 days ago

7701 Hoke Rd

Details
APN M57-00720-0007
Property Type Retail
Sub Type Shopping Center
Square Footage 8,600
Cap Rate 8.40%
NOI $176,943
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $245
Year Built 2006
Acreage 1.340
Investment Type Stabilized

Retail | 8.40% CAP | 8,600 SqFt

Marketing description

CBRE, as exclusive agent, is proud to present the opportunity to purchase 7701 Hoke Road (the "Property"), a multi-tenant retail center shadow anchored by a well performing Walmart Supercenter with strong grocery store sales. Being located just off I-70, the Hoke Road trade area services the residents of Englewood, employees in the nearby distribution centers, and I-70 commuters across the Midwest.

7701 Hoke Road is currently 100.0% occupied by five tenants including Ascend Cannabis Dispensary, Hometown Primary Care, Englewood Tobacco and Vape, Great Clips, and Cricket Wireless. Ascend Cannabis Dispensary just executed a new 7-year triple net lease with 3.0% annual increases. The Property is 8,600 SF and has an average in-place rental rate of $23.21/SF with a remaining weighted average lease term of 3.2 years.

Investment highlights

  • Shadow anchored by a well-performing Walmart
  • Offered below replacement cost
  • Located just off of I-70
  • Stabilized opportunity with upside through contractural rent increases

Listing Contacts

EG
PA RS318989
CBRE - Pittsburgh
CP
OH SAL.0000443707, KY Sales 207413
CBRE - Cincinnati
AC
PA PA RS353077
CBRE - Pittsburgh
Listed by CBRE - Pittsburgh, CBRE - Cincinnati

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$176,943.00
$14,745.25/mo

Valuation Metrics

0
DSCR
8.4%
Cap Rate
8.4%
ROI

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