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Ben Snyder
Executive Vice President
EXECUTIVE SUMMARY
Grocery Anchored Community Center In Highly Coveted Cincinnati Submarket | Fresh Thyme & TJ Maxx/HomeGoods | Recent Anchor Extensions | Strong TJ Maxx/HomeGoods Sales
Fresh Thyme, TJ Maxx, HomeGoods and Pet Supplies Plus all just exercised 5-year renewal options at rent increases
Nearly 50% of Base Rent Comprised from These 4 Tenants
5+ Years of Weighted Avg. Lease Term (WALT) Remaining
High Sales Volume Locations for TJ Maxx & HomeGoods with Longstanding Operating History Since 1999
2023 Sales
HomeGoods: $9,615,803 (4.4% occupancy cost)
TJ Maxx: $13,183,180 (3.7% occupancy cost)
Attractive merchandising mix consisting of synergistic service-based tenants including restaurants, spas, salons, professional services, etc. with long-tenures and strong performance.
All restaurants that report sales are operating at a healthy sub-12% occupancy cost with strong sales of $275-485 PSF
Immediate Value-Add Opportunity | 50,000 SF Endcap Box Vacancy | 77.6% Leased
Harpers Station offers an investor the opportunity to immediately create value via the lease-up/redevelopment of the 50,000 SF second generation endcap box vacancy previously leased to LA Fitness (Esporta).
Extremely Affluent Immediate Consumer Base | Densely Populated Affluent Trade Area of 275,000+ People
1 Mile Avg. Household Income is $151,551 | Nearly $400,000 Median Home Value
5 Mile Population: 143,000. AHHI: $132,000 | 5 Mile Daytime Population of 111,000
Fresh Thyme Top 3 Most Trafficked Location in OH | Significant Daily Traffic Drivers | Kroger Located Directly Across the Street
Fresh Thyme ranks as the 3rd most trafficked location in the state out of 10, and #1 in Cincinnati
Kroger Ranks in 92nd Percentile for Most Heavily Trafficked Kroger’s in the U.S. per Placer.ai (1.8M+ Annual Visits)
According to Creditntell, Harpers Station draws an estimated 8,100 visits/day and over 3M visits/year
Ideal “Main & Main” Hard Corner Location in Premier Cincinnati Suburb | 44,000+ Combined VPD Count
Excellent Access and Visibility from Kemper Rd (±14,000 VPD) and Montgomery Rd (±30,000 VPD)
5 points of ingress/egress including 2 Signalized Entrances
Immediate Access to I-71 (±132,000 VPD) and I-275 (±125,000 VPD) Interchange
Located Right Next to Cincinnati Hills Christian Academy | 1,350+ Students | #28 Private School in OH
Growing Population | Highly Educated Customer Base | 70% Bachelor Degrees or Higher in 1-Mile
Offered Free & Clear of Existing Financing
Broker of Record
- Matt Wallace
- License No. REC.2022007141 (OH)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 950 Main Ave.,
Suite 510, Cleveland, OH 44113