Turfway Crossing - Dick's Anchored
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
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