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2762-2780 Town Center Blvd 31,304 SF 100% Leased 4-Star Retail Building Crestview Hills, KY 41017 For Sale
Investment Highlights
- Positioned within Crestview Hills Town Center, a regional shopping and dining destination in Northern Kentucky.
- Located in a community-focused center that hosts year-round events, enhancing visitor engagement and repeat traffic.
- Convenient access to major Northern Kentucky population centers and regional transportation corridors.
- Surrounded by more than 65 retail, restaurant, and service-oriented businesses that drive consistent customer activity.
- Excellent visibility within an established mixed-use commercial environment.
- Situated among a diverse mix of national and local retailers, restaurants, and entertainment offerings.
Executive Summary
Mid-America Real Estate Corporation has been exclusively retained to sell the 100% fee simple interest in Crestview Hills Town Center, Northern Kentucky’s dominant grocery anchored open-air shopping destination. Strategically located within the Cincinnati MSA, the property occupies a differentiated position within the region and serves the essential and discretionary retail needs of the surrounding affluent customer base.
Crestview Hills Town Center is anchored by Trader Joe’s, Nordstrom Rack, DSW, World Market and Hollywood Feed. Together with the high-performing Dillard’s shadow anchor, the center features a diversified mix of national and regional retailers spanning daily needs, fashion, dining, beauty, wellness, and experiential uses.
The offering presents the opportunity to acquire a highly stable retail asset with durable in-place cash flow and multiple avenues for near-term value creation. A future owner can build upon the center’s established market position through strategic investment, enhanced placemaking, activation of the common areas, and continued merchandising evolution. These initiatives provide a credible path to attract a more contemporary tenancy, increase customer engagement, support tenant productivity, and drive significant NOI growth.
Crestview Hills Town Center is anchored by Trader Joe’s, Nordstrom Rack, DSW, World Market and Hollywood Feed. Together with the high-performing Dillard’s shadow anchor, the center features a diversified mix of national and regional retailers spanning daily needs, fashion, dining, beauty, wellness, and experiential uses.
The offering presents the opportunity to acquire a highly stable retail asset with durable in-place cash flow and multiple avenues for near-term value creation. A future owner can build upon the center’s established market position through strategic investment, enhanced placemaking, activation of the common areas, and continued merchandising evolution. These initiatives provide a credible path to attract a more contemporary tenancy, increase customer engagement, support tenant productivity, and drive significant NOI growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,304 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2005
NOI
$7,822,554
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
46.50 AC
Parking
300 Spaces (9.15 Spaces per 1,000 SF Leased)
Frontage
212’ on Dixie Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 015-30-00-505.00 | Improvements Assessment | $27,400,500 |
| Land Assessment | $13,034,000 | Total Assessment | $40,434,500 |
Property Taxes
Parcel Number
015-30-00-505.00
Land Assessment
$13,034,000
Improvements Assessment
$27,400,500
Total Assessment
$40,434,500
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