The subject is the former Carpet Mart building in the Kroger Shopping Plaza. This space has been the location of Big Lots and Family Farm and Home. It has excellent visibility along the main east-west corridor with strong traffic counts.
Kroger, Dollar General and a recently opened Dollar Tree are nearby. McDonalds, Taco Bell and a recently renovated Wendys are adjacent or across the street.
The subject is located in Defiance, which is a county seat of Defiance County. Defiance is also the economic hub for NW Ohio between Toledo and Fort Wayne, with large retail and industrial sectors. It has been the choice of many large manufacturers, both historically and recently. First Quality Paper has just started on construction of an almost $1 billion plant. Defiance is also home to two major health system campuses and a four year college.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
