11330-11338 Princeton Pike
Cincinnati, OH 45246
Retail Property For Sale

Tri-County Promenade is situated as an outparcel to a larger shopping center anchored by Big Lots, Home Emporium and Haverty's. It is located in a dense retail area anchored by Tri-County Mall which is in the process of being renovated to include outward facing retail along with new outparcels. Also, the first Backstage by Macy's store in the Cincinnati area will be located at this mall. Other retailers in the immediate area include Costco, Sam's Club, Target, Lowe's, Hobby Lobby, Michael's, TJ Maxx and DSW among many others. The property has direct street frontage on Princeton Pike which sees over 14,000 vehicles per day with the nearby intersection of Princeton Pike and Kemper Road seeing almost 48,000 vehicles per day. There are strong surrounding demographics with 143,167 residents within 5 miles of the property and an average household income of $74,618. The property is priced at an 8.27% cap on in place income. Fully occupied, the property has the ability to realize a 13.30% cap rate and a 28.38% cash on cash return at list price.