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33420739
33420749

A, Florence, KY 41042

Franklin Street Atlanta
JT
GA FL 124147
Franklin Street Atlanta
Listed by Franklin Street Atlanta
Unpriced
0 days on market
Updated 0 days ago

Turfway Crossing - Dick's Anchored

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 99,578
NOI $1,364,599
Occupancy 100%
Tenancy Multi
Brand/Tenant Dick's Sporting Goods
Lease Type Net
Remaining Term 6
Year Built 2002
Acreage 8.200
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

6.0 WALT | Top Performing Dick's | Cincinnati MSA

Marketing description

Franklin Street is pleased to present the opportunity to acquire Turfway Commons, a 99,578 SF regional shopping center in Florence, Kentucky. Florence is a southwest suburb in the Cincinnati MSA, which is home to 2.3 million residents. The region has seen consistent growth, with the metro population increasing by over 50,000 people (approximately 2.3%–2.8%) over the past five years. The Cincinnati MSA (OH-KY-IN) is experiencing strong economic growth, with its GDP reaching $198 billion, making it the top economic engine in Ohio. Turfway Crossing is located in a major retail corridor servicing a large trade area. Dick’s Sporting Goods is an original tenant with 25 years of operational history at this location and recently extended their lease to give them 5 years remaining on their lease term. Arhaus, an upscale home furnishing company with 100+ units, moved into the center in 2024. The investment offers a stable income stream from corporate tenants with scheduled rent increases through primary terms and option periods.

Investment highlights

  • Nationally Anchored 99,578 SF Shopping Center in the Cincinnati MSA: Dick’s Sporting Goods & Arhaus The Loft
  • Durable Income Stream: 6.0 WALT
  • Densely Populated Suburb of Cincinnati: 150,000+ Residents within the 5-Mile Radius
  • Strong Dick’s Sporting Goods Performance Metrics; Top 78% Nationally and Top 81% in Kentucky
  • Top Performing Retail Corridor in Kentucky: Many of the Nearby Big Box Retailers having Top 80 Percentile Stores in the State on this Corridor
  • Surrounded by National Big Box Retailers: Target, Lowe's, Home Depot, Sam’s Club, Meijer, Walmart, among others
  • Cincinnati/Northern Kentucky International Airport (CVG) sits behind the Property Servicing 9.2 Million Passengers Annually

Listing Contacts

Franklin Street Atlanta
JT
GA FL 124147
Franklin Street Atlanta
Listed by Franklin Street Atlanta

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$1,364,599.00
$113,716.58/mo

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Additional Information

Name
Darron Kattan
License
285311
Brokerage
Franklin Street
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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