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8340-8352 Colerain Ave
Cincinnati, OH 45239
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Strong Lease Profile & Income Stability
- Diverse, Resilient Tenant Mix
- Well-Maintained Asset with Limited CapEx
- Prime Location & Value-Add Potential
EXECUTIVE SUMMARY
Crossing of Colerain is a high-performing community and strip shopping center located along the Colerain Avenue corridor in Cincinnati, OH. The property spans approximately 94,849 square feet and occupies a prime location at the intersection of Colerain Avenue and Ronald Reagan Cross County Highway. It includes an 85,849 SF community center and a 9,000 SF outlot strip center, positioned directly across from the Walmart-anchored Colerain Hills Shopping Center—together forming the retail anchors of the southern Colerain trade area.
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Crossing of Colerain offers a compelling value-add opportunity, with two junior box leases expiring at below-market rental rates within the next three years. The center benefits from a strong middle-income customer base, with average household incomes of $78,109, $82,610, and $86,342 and populations of 11,612, 92,913, and 187,152 within 1-, 3-, and 5-mile radii, respectively. This offering represents a rare opportunity to acquire a well-located retail asset in a corridor where top-performing centers—such as Stone Creek Towne Center and Colerain Commons—have recently traded.
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Crossing of Colerain offers a compelling value-add opportunity, with two junior box leases expiring at below-market rental rates within the next three years. The center benefits from a strong middle-income customer base, with average household incomes of $78,109, $82,610, and $86,342 and populations of 11,612, 92,913, and 187,152 within 1-, 3-, and 5-mile radii, respectively. This offering represents a rare opportunity to acquire a well-located retail asset in a corridor where top-performing centers—such as Stone Creek Towne Center and Colerain Commons—have recently traded.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
86,421 SF
Building Class
B
Year Built
1989
Price
$11,250,000
Price Per SF
$130.18
Cap Rate
8.25%
NOI
$927,648
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.30
Lot Size
6.69 AC
Zoning
Commercial
Parking
371 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
377’ on Colerain Ave
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 510-0060-0256 | Improvements Assessment | $1,529,749 |
| Land Assessment | $443,489 | Total Assessment | $1,973,238 |
PROPERTY TAXES
Parcel Number
510-0060-0256
Land Assessment
$443,489
Improvements Assessment
$1,529,749
Total Assessment
$1,973,238
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