513-763-3022
780-798 Northwoods Blvd, Vandalia, OH for Sale
Freestanding - FOR SALE
1/17
null | Request Cap Rate

780-798 Northwoods Blvd
Vandalia, OH 45377


HIGHLIGHTS

  • • Dominant Grocery-Anchored Center with Kroger fuel center, drive-thru pharmacy, Little Clinic and Starbucks on site
  • • No other grocers in the immediate trade area with nearest competitor 5 miles from the Property
  • • Dominant traditional grocer in the Dayton market, which has an MSA population of 814,000
  • • Essential, Internet Resistant Tenancy
  • • Direct access and visibility to I-75, which sees 88,000 VPD
  • • Strong 3-mile demos with average household income over $100,000

OVERVIEW

Cushman & Wakefield Retail Investment Advisors present Shoppes at Northwoods (the Property), a dominant Kroger and Dollar Tree anchored center located at a full interchange off I-75 in Vandalia, OH (Dayton MSA). Due to the high performing nature of Kroger at Shoppes at Northwoods, the anchor tenant agreed to extend their lease through September 2036. Combined, investment graded tenants Kroger and Dollar Tree account for more than 78% of gross income. There are 5 additional small-shop tenants with one remaining vacancy and an overall WALT at the Property of over 7.5 years. The existing shop tenants have below market rents in the mid/high teens per square foot and the total average rent at the property is $8.19/SF. Shoppes at Northwoods has minimal competition within the immediate submarket and there are no grocery stores within a 5-mile radius. The affluent submarket includes 70,000+ residents and an average household income of over $100,000 in 5 miles.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes at Northwoods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

429

LAND DETAILS

LAND ACRES

18.02 AC

LAND SF

784,951 SF

ZONING

GB

APN/PARCEL ID

B02-00315-0046

ASK ABOUT THIS PROPERTY

Hank DavisCushman & WakefieldMore Info
513-763-3022

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Hank DavisCushman & WakefieldMore Info
513-763-3022

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