1476-1496 S Erie Hwy - Storefront FOR SALE


Hamilton, OH 45011
$2,350,000 USD
310-853-1419
1476-1496 S Erie Hwy, Hamilton, OH for Sale
$2,350,000 USD
Storefront - FOR SALE
1/5
null | 8.55% Cap Rate

1476-1496 S Erie Hwy
Hamilton, OH 45011


HIGHLIGHTS

  • Shadow Anchored By Top Performing Kroger Location (NAP): This Kroger Performs in the Top 4% of All Grocery Stores Nationwide
  • 100% Leased Shopping Center Featuring 6 Tenants, Including Casual Dining, Healthcare, and Other Essential Services
  • High Yield (8.55% Cap Rate) and Low Cost Per Square Foot Opportunity ($170 PSF
  • Below Market Rents (Average $16.08) Providing Future Security / Potential Upside to a New Investor
  • Long-Term Operating History / Low Historical Vacancy - 4 of the 6 Tenants Have Operated at the Property For Over 15 Years
  • Long Term Leasehold (66 Years Remaining With Options) Provides New Investors with Full Depreciation

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the Hamilton Shops Strip Center Located at 1476-1496 South Erie Boulevard in Hamilton, OH. The Property Includes a 100% Leased 6 Tenant Strip Center on a Long Term Ground Lease (Ground Lease Runs For 66 Years Including Options) Providing a New Investor Long Term Security, Strong Cash Flow & Full Depreciation Benefits. Shadow Anchored By a Top Producing Kroger Grocery Store (Placer.ai.) With 1.3M Visits Per Year, the Subject Property Benefits From a Strong Destination Location and Customer Draw. With a Long Term Operating History and Low Historical Vacancy, This Property Provides an Investor Security, High Yield, Low Cost Per Square Foot and Favorable Depreciation Benefits. In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

8.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hamilton Shops - Hamilton, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Service Station, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

10.14 AC

LAND SF

441,698 SF

ZONING

BPD

APN/PARCEL ID

P6451-035-000-005

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

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Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.