3169 Princeton Rd
Fairfield Township, OH 45011
McAlister's Deli · Retail Property For Sale

The Property is positioned as an outparcel to Kohl’s department store within the Indian Springs Market Center (“Indian Springs”), a 146,000 SF center anchored by Kohl’s and Jo-Ann Fabrics. Adjacent to Indian Springs sits Bridgewater Falls, a +500,000 SF Target-anchored power and lifestyle center tenanted by Target, Dick’s, Bed Bath & Beyond, Michael’s, Best Buy, TJMaxx, PetSmart, Bed Bath & Beyond, JCPenney, and others. Other major retailers located in the immediate trade area include Home Depot, Walmart, Hobby Lobby and Menards. Indian Springs is situated between three main thoroughfares: OH-4 (25,512 VPD), Princeton Road (31,070 VPD), and Butler County Veterans Highway (49,670 VPD), providing high visibility and ease of access. This location is further bolstered by highly affluent local demographics. The average annual household income within a one-mile radius exceeds $103,000. The McAlister’s is undergoing a full renovation, as Southern Rock Restaurants executed a new 15-year, triple net lease that commences on August 19th, 2019. The lease is enhanced by attractive 10% rental increases every 5 years during the initial term as well as the two, five-year renewal options. This offering provides a long-term stable cash flow with rental increases leased to the largest franchisee in the McAlister’s Deli system.