102-112 Pavilion Pky
Newport, KY 41071
Newport Pavilion · Retail Property For Sale

Newport Pavilion is a 99% leased, 336,907 square foot grocery-anchored center, featuring a top performing Kroger (ground lease), the market-leading grocer in the Cincinnati region. Headquartered in Cincinnati, the company has over 2,700 supermarkets throughout the United States. The tenant operates a grocery store, liquor store, and fuel station at the center. Complementing the Kroger is an attractive tenant line-up consisting of retail, dining, service, and specialty tenants featuring best-in-class anchors including Target (separately owned), Michaels, Dick’s Sporting Goods, TJ Maxx, and PetSmart. A 134,500 square foot Target (separately owned) acts as a shadow anchor for the center, providing additional consumer draw. With over 6 years of weighted average lease term and a corporately guaranteed Kroger lease through March 2029, the center will provide investors with a long-term stable income stream. The center has over 42,386 square feet of restaurants and specialty food options including Buffalo Wild Wings, Flipdaddy’s, New China Buffet, Chipotle, Chick-fil-A, and more. Due to the lack of immediate competition in the area, Newport Pavilion has captured significant consumer demand with its dining options. Additionally, the center is a hotspot for the Cincinnati CBD lunch crowd, serving a robust daytime population of 176,081 workers within a 3-mile radius.