National Tenant Representation with Long Historical Tenancy
80% of the property’s income is generated from national tenants. The center has strong national tenant representation, all with established terms, including Sherwin-Williams, H&R Block and Sally Beauty, which have been tenants at this shopping center for nearly 20 years.
Limited Near Term Lease Rollover
Less than 30% of the property’s GLA rolls in the first 5 years.
Dominant Retail Corridor
Situated in the heart of the thriving Fields Ertel retail corridor, including such national retailers as Kohl’s, Best Buy, Target, Costco, Meijer and many others, the center is strategically positioned to serve one of Cincinnati’s most affluent and desirable trade areas.
Value-Add Investment Through Development Opportunities and Below-Market Rents
Potential development opportunities at the shopping center include 15,560 SF of expansion space (comprised of a 4,900 SF outparcel, a 7,560 SF expansion area and a 3,200 SF expansion area).
Within five miles of the shopping center, the average household income is $106,100 with nearly 40% of households earning more than $75,000 per year.
Strong Market Profile
Cincinnati is home to many major corporations, including Procter & Gamble (The Kroger Company, GE Aviation, Sunny Delight Beverages Co., Convergys, Fifth Third Bank, and Luxottica.
- Procter & Gamble, whose global personal health care product headquarters is located approximately 3.5 miles from the property, is currently undergoing a $300 million expansion at its 1.15 million SF campus with the addition of a new 500,000 SF Beauty Innovation Center to accommodate an additional 1,150 employees and 200 contractors, bringing the total number of employees to 3,450.
- The U.S. corporate headquarters of Luxottica Retail, the world’s largest eyewear company, is located approximately 5 miles from the property. Luxottica operates nearly 4,800 retail stores in the United States and manufacturers well- known sun and prescription eyewear for its own lines, including RayBan and Oakley, as well as for designers like Chanel, Georgio Armani and Prada.
- Festo Corp, a German-based manufacturer of automation technology, is building its new $50 million, 175,000 SF production and distribution facility on 45 acres in the Mason Business Park.