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Western Hills Retail Center

5301 Glenway Avenue, Cincinnati, OH 45238

$850,000

10,540 SF | Retail

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Retail Property For Sale

Price:
$850,000
Gross Leasable Area:
10,540 SF
Price/SF:
$80.65
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Free Standing Bldg
Community Center
Strip Center
Property Use Type:
Net Lease Investment with
5 years left on lease
Cap Rate:
10.67%
Occupancy:
100%
Tenancy:
Multiple
Listing ID
16468869
Last Updated
11 days ago

Find Out More...

Highlights

  • 10,540 Total SF
  • 100% occupied
  • Very stable existing tenants
  • Excellent visibility
  • High traffic counts
  • Strong 10.67% CAP Rate Return

Description

This neighborhood center is located in the heart of one of Cincinnati' s busiest retail corridors. The property' s corner location and outstanding visibility make it a very attractive location for retail tenants. The mature and very dense market make new retail development difficult.

If the buyer desires Wing Optical and Visionary Marketing & Management will sign a new 5 year lease at closing. The rental rates are shown on the rent roll.

The rental rate for Visionary Marketing is well below market. Visionary Marketing will use the space primary for storage. If the owner finds a new tenant for the space, Visionary Marketing will vacate with 90 days notice.

If the buyer prefers, Visionary Marketing & Management and/or Wing Optical will vacate the entire space within 90 days of closing.

This neighborhood center is located in the heart of one of Cincinnati' s busiest retail corridors. The property' s corner location and outstanding visibility make it a very attractive location for retail tenants.

Financial Summary

Major Tenant Information

  • Actual
  • $126,092

Map of 5301 Glenway Avenue, Cincinnati, OH 45238 (Hamilton County)

Research for 5301 Glenway Avenue, Cincinnati, OH 45238 (Hamilton County)

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Asking Price Index Trends for Cincinnati, OH Retail For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$78+0.5%-1.2%
-
Metro
$96+1.0%+0.3%
-
County
$93+0.7%-2.4%
-
City
$100+3.6%-1.7%

View Cincinnati Market Trends for other property types for sale or lease. Learn more about the chart info.

Western Hills Retail Center
  • Retail
  • $850,000
  • 10,540 SF