21-49 E US Highway 22 And 3
Maineville, OH 45039
Maineville Crossing Retail · Retail Property For Sale

Excellent Demographics The property is conveniently located in a neighborhood surrounded by upper income demographics. The average household income within a 1-mile radius is $93,772 which is 71.3% higher than the state average of $54,736. Stabilized Cash Flow & Undeveloped Parcel The Property benefits from being 100% occupied  with a healthy cash flow since commencement in 2003. The majority of the tenants have 1-3 additional renewal terms which will likely secure the future cash flows. The prospective purchaser has the opportunity to capture the current income and future rent increases, and the opportunity to develop the excess 0.5 acres in the southwest corner of the parcel. Improving Submarket The Property is located within the Outlying Warren County submarket which has seen dramatic improvement in overall market fundamentals since the third quarter of 2014. Since 2014, the submarket has seen positive net absorption each recurring year coupled with moderate rent increases. Asking rents have continued to grow year-over-year, and are forecast to continue to grow through 2021 per CoStar. Well-Maintained Property The Building was constructed in 2003 and has been well-maintained throughout the years. To date, there are no major capital expenditures required, and the overall strong condition is on par with local products within the same class.