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32924478
32924477

3658 Michigan Avenue, Cincinnati, OH 45208

CP
OH SAL.0000443707, KY Sales 207413
CBRE - Cincinnati
JJ
OH SAL.0000397605
CBRE - Cincinnati
PF
OH SAL.2024000154
CBRE - Cincinnati
Listed by CBRE - Cincinnati
Unpriced
9 days on market
Updated 6 days ago

Hyde Park Station

Details
Property Type Retail
Sub Type Shopping Center, Storefront (+1)
Square Footage 30,216
NOI $665,844
Occupancy 100%
Tenancy Multi
Year Built 1990
Acreage 1.860
Zoning CC-A Commercial Community Auto Oriented
Parking Spaces 118 spaces
Parking Per SqFt 3.91
Ground Lease No

Hyde Park Station | First Time on Market | 100% Occupied Trophy Center

Marketing description

CBRE’s Retail Investment team is proud to present for sale the fee simple interest in Hyde Park Station, a fully occupied, multi-tenant retail center totaling approximately 30,216 square feet located at 3658 Edwards Road in Cincinnati’s prestigious Hyde Park neighborhood. Hyde Park Station is situated along Edwards Road in one of Cincinnati’s most affluent and supply-constrained retail corridors. The property benefits from its position within Hyde Park where household incomes, consumer spending, and retailer demand consistently outperform regional benchmarks. The center’s infill location, surrounded by established residential density and limited available land for new development, creates a durable competitive moat for existing retail. The offering is 100% occupied with a diversified mix of eleven tenants spanning food & beverage, health & wellness, service, and specialty retail uses. The tenant roster includes both regional operators and emerging national concepts, including Hollywood Feed, Penn Station, Peach Cobbler Factory, and Power Pilates. All but one tenant operates on NNN leases with pro rata expense reimbursements including management fees, providing investors with a low-management, income-producing asset with strong inplace cash flow.

Investment highlights

100% Occupied: Fully leased to diverse tenants with balanced income and strong cross‑shopping.

Demographics: Affluent, dense surrounding population supports strong retail demand.

NNN Lease Structure: Tenants cover most expenses, providing stable, predictable income.

Hyde Park Location: Prime, supply‑constrained retail area with consistent foot traffic.

Lease Maturities: Well‑staggered expirations reduce rollover risk and support future rent growth.

Rent Increases: Built‑in rent escalations drive NOI growth and inflation protection.

Listing Contacts

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

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Loan Amount
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$665,844.00
$55,487.00/mo

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