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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33890329

717 READING RD, MASON, OH 45040-1340 For Sale

CF
OH 2008001551, OH SAL.2008001551
Marcus & Millichap - Columbus
SW
OH 2005013197, WA SAL.2005013197
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Cleveland
$4,070,000
11 days on market
Updated 11 days ago

Mason Square Shopping Center

Details
APN 1635126001
Property Type Retail
Sub Type Shopping Center
Square Footage 21,370
Units 4
Cap Rate 7.50%
NOI $305,086
Occupancy 100%
Tenancy Multi
Year Built 1995
Acreage 3.700
Ground Lease No

100% Occupied, 21,370 SF Retail Strip in High-Income Cincinnati Suburb

Marketing description

This property is part of a six property portfolio, the property can be purchased alone or with other properties in the portfolio. Please see OM for details.

Investment highlights

• 100% Occupied, 21,370 SF Retail Strip in High-Income Cincinnati Suburb

• Recent 10-Year Lease with Dollar Tree (46% of GLA) / Overall Property WALT = 8.01 Years

• One Of Cincinnati’s Most Affluent Submarkets: $133K / $141K / $136K AHHI’s over 1 / 3 / 5-Mi

• Located at Intersection of Tylersville & Reading Roads: 41,478 VPD

• Strategic Location on Tylersville Road – Connecting Corridor to Both I-75 & I-71 Exit Ramps (Combined 186K VPD)

• Strong National Credit Tenancy Featuring Dollar Tree & Labcorp (54% of Total GLA)

• 100% Expense Reimbursement Providing Predictable, Low-Volatility Cash Flow

Listing Contacts

CF
OH 2008001551, OH SAL.2008001551
Marcus & Millichap - Columbus
SW
OH 2005013197, WA SAL.2005013197
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Cleveland

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$305,086.00
$25,423.83/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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