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Cross Pointe Centre 3 Retail Properties Offered at $28,800,000 in Centerville, OH
INVESTMENT HIGHLIGHTS
- Institutional-Quality Asset: All 118 HVAC units were replaced in 2013; outside pole lighting was converted to LED in 2017, awning replaced in 2018.
- Affluent Trade Area: Average household income within five miles exceeds $103,000, with a stable and mature residential base.
- Minimal Landlord Expense Responsibility: Over 90% of tenants are operating under triple-net leases and reimburse for property management expense.
- Strong Rent Roll Stability: The majority of tenants have operated at the center for more than 10 years.
- Roof Warranty In Place: The roof on the entire property was replaced in 2013 and has a 20-year warranty in place.
EXECUTIVE SUMMARY
The Klink Group of Marcus & Millichap is pleased to present for sale Cross Pointe Centre, a 217K SF shopping center located in Centerville (Dayton MSA), Ohio.
Cross Pointe Centre presents investors with a rare opportunity to acquire a 217,009-square-foot, best-in-class retail center located in the affluent and high-performing Centerville submarket of Dayton, Ohio. Positioned directly off Interstate 675 on more than 25 acres, the property benefits from exceptional regional visibility, strong surrounding demographics, and a proven history of high occupancy and rental stability.
Cross Pointe Centre delivers an attractive, year-1 cap rate backed by consistent long-term tenancy and minimal landlord expense responsibilities. The asset is currently 99% leased to 53 tenants in various retail and service-oriented sectors; and with over 90% of the rent roll operating under triple-net leases, Cross Pointe Centre ensures predictable income, limited expense exposure, NOI growth and inflation protection.
Cross Pointe Centre presents investors with a rare opportunity to acquire a 217,009-square-foot, best-in-class retail center located in the affluent and high-performing Centerville submarket of Dayton, Ohio. Positioned directly off Interstate 675 on more than 25 acres, the property benefits from exceptional regional visibility, strong surrounding demographics, and a proven history of high occupancy and rental stability.
Cross Pointe Centre delivers an attractive, year-1 cap rate backed by consistent long-term tenancy and minimal landlord expense responsibilities. The asset is currently 99% leased to 53 tenants in various retail and service-oriented sectors; and with over 90% of the rent roll operating under triple-net leases, Cross Pointe Centre ensures predictable income, limited expense exposure, NOI growth and inflation protection.
PROPERTY FACTS
| Price | $28,800,000 | Number of Properties | 3 |
| Price / SF | $127.93 / SF | Individually For Sale | 0 |
| Cap Rate | 8.01% | Total Building Size | 225,126 SF |
| Sale Type | Investment | Total Land Area | 48.81 AC |
| Status | Active |
| Price | $28,800,000 |
| Price / SF | $127.93 / SF |
| Cap Rate | 8.01% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 225,126 SF |
| Total Land Area | 48.81 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 127-191 E Alex Bell Rd, Centerville, OH 45459 | Retail | 145,633 SF | 1987 | - |
|
Cross Pointe Centre
101-126 E Alex Bell Rd, Centerville, OH 45459 |
Retail | 46,164 SF | 1987 | - |
| 175 E Alex Bell Rd, Centerville, OH 45459 | Retail | 33,329 SF | 1986 | - |
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Cross Pointe Centre
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