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Turfway Crossing 1336 Hansel Ave 99,578 SF 100% Leased Retail Building Florence, KY 41042 $17,050,000 ($171.22/SF) 8% Cap Rate
Investment Highlights
- Nationally Anchored 99,578 SF Shopping Center in the Cincinnati MSA: Dick’s Sporting Goods & Arhaus The Loft
- Densely Populated Suburb of Cincinnati: 150,000+ Residents within the 5-Mile Radius
- Top Performing Retail Corridor in Kentucky: Many of the Nearby Big Box Retailers having Top 80 Percentile Stores in the State on this Corridor
- Durable Income Stream: 6.0 WALT
- Strong Dick’s Sporting Goods Performance Metrics; Top 78% Nationally and Top 81% in Kentucky
- Cincinnati/Northern Kentucky International Airport (CVG) sits behind the Property Servicing 9.2 Million Passengers Annually
Executive Summary
Franklin Street is pleased to present the opportunity to acquire Turfway Commons, a 99,578 SF regional shopping center in Florence, Kentucky. Florence is a southwest suburb in the Cincinnati MSA, which is home to 2.3 million residents. The region has seen consistent growth, with the metro population
increasing by over 50,000 people (approximately 2.3%–2.8%) over the past five years. The Cincinnati MSA (OH-KY-IN) is experiencing strong economic growth, with its GDP reaching $198 billion, making it the top economic engine in Ohio. Turfway Crossing is located in a major retail corridor servicing a large
trade area. Dick’s Sporting Goods is an original tenant with 25 years of operational history at this location and recently extended their lease to give them 5 years remaining on their lease term. Arhaus, an upscale home furnishing company with 100+ units, moved into the center in 2024. The investment offers a stable income stream from corporate tenants with scheduled rent increases through primary terms and option periods.
increasing by over 50,000 people (approximately 2.3%–2.8%) over the past five years. The Cincinnati MSA (OH-KY-IN) is experiencing strong economic growth, with its GDP reaching $198 billion, making it the top economic engine in Ohio. Turfway Crossing is located in a major retail corridor servicing a large
trade area. Dick’s Sporting Goods is an original tenant with 25 years of operational history at this location and recently extended their lease to give them 5 years remaining on their lease term. Arhaus, an upscale home furnishing company with 100+ units, moved into the center in 2024. The investment offers a stable income stream from corporate tenants with scheduled rent increases through primary terms and option periods.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
99,578 SF
Building Class
C
Year Built
2001
Price
$17,050,000
Price Per SF
$171.22
Cap Rate
8%
NOI
$1,364,599
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.28
Lot Size
8.20 AC
Opportunity Zone
Yes
Zoning
C-2 - Retail
Parking
429 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
573’ on Hansel Ave
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
DICK'S Sporting Goods began in 1948 as a bait-and-tackle shop in Binghamton, New York, founded by Dick Stack after an Army surplus store owner dismissed his product ideas. The company later broadened its assortment into sports and outdoor equipment, athletic apparel, and footwear, and it now operates under banners including DICK'S Sporting Goods, Golf Galaxy, Public Lands, Going Going Gone!, House of Sport, and Golf Galaxy Performance Center. DICK'S also owns and operates GameChanger, a youth sports mobile platform for live streaming, scheduling, communications, and scorekeeping. In 2025, the business added the Foot Locker portfolio, extending the company's presence across the global sneaker market.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 3
- 5,000 SF
- Retail
- End Cap
- Now
- 4
- 2,190 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 3 | 5,000 SF | Retail | End Cap | Now |
| 4 | 2,190 SF | Retail | - | Now |
3
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
4
| Size |
| 2,190 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 061.00-00-016.00 | Improvements Assessment | $8,271,100 |
| Land Assessment | $2,500,000 | Total Assessment | $10,771,100 |
Property Taxes
Parcel Number
061.00-00-016.00
Land Assessment
$2,500,000
Improvements Assessment
$8,271,100
Total Assessment
$10,771,100
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