2364 Kings Center Court
Mason, OH 45040 ·
6,478 SF · Retail For Sale
Kings Court Shoppes
|Price||N/A||Property Use Type||Investment|
|Gross Leasable Area||6,478 SF||Cap Rate||6%|
|Property Sub-type||Strip Center||Lot Size||1.01 AC|
|Listing ID: 18637962||Date Created: 04/02/2014||Last Updated: 07/18/2014|
The Sekulovski Group has been exclusively retained by ownership to sell the 100% fee simple interest in Kings Court Shoppes, a 6,478 square foot shopping center located in Mason, Ohio. The shopping center features an excellent tenant mix and sits at the entrance to Kings Island Amusement Park. The immediate area' s average household income is $120,000 and is expected to reach $140,000 by 2017. This shopping center provides the investor with an outstanding tenant mix, great location, and a newly constructed building. Why pay a 5 cap for a free standing Chipotle, when you can have Chipotle, Dairy Queen, Jimmy John' s and a Verizon at a 6 cap?
Kings Court Shoppes is located approximately 22 miles northeast of Cincinnati in Mason, OH. Mason has experienced fast growth, with its historic Main Street remaining at the center of the community. Mason went from being a sleepy farm town of less than 5,000 residents in the 1960s to a large bustling community of Cincinnati commuters in the 1990s.
Area attractions and local businesses include Kings Island Amusement Park, a 364-acre amusement park located 24 miles northeast of Cincinnati in Mason, Ohio. It is owned and operated by Cedar Fair Entertainment Company. Kings Island has won Amusement Today' s Golden Ticket Award for having the "Best Kids' Area" in the world for twelve consecutive years (2001 2012). Kings Island is currently tied with Cedar Point for the most visited seasonal amusement park in the U.S. with an estimated 3.14 million visitors in 2011. Also nearby are Great Wolf Lodge hotel/indoor water park, Procter & Gamble's Mason Business Center, the headquarters of Luxottica Retail, and Cintas corporate headquarters.
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