Hunter Plaza

Highlights

• - 7,000 SF building with 3 units
• - Renovated in 2010
• - Zoned Commercial
• - Prime Cincinnati area location
• - 100% occupancy
• - Ideal for Retail / Street Retail investor
• - Built in 1966
• - Strong investment potential
• - Well-maintained property
• - High visibility and foot traffic

Description

Prime Value-Add Retail Opportunity at 4163 State Route 122, Franklin, Ohio

Unlock the potential of this exceptional retail shopping center in Hunter, Ohio. Positioned on the bustling State Route 122, this property offers a lucrative value-add investment with tremendous revenue growth prospects.

Property Highlights

• High-Traffic Location: Benefit from superb visibility and accessibility on a major thoroughfare, ensuring a consistent flow of potential customers.
• Under-Market Rents: Current rental rates are below market value, presenting an opportunity for significant rent adjustments and increased cash flow.
• Expiring Leases: With leases expiring over the next year, there's a chance to renegotiate terms, attract new tenants, and enhance the tenant mix.
• Expansion Potential: Additional property available for expansion or the opportunity to build another building, increasing the total leasable area and potential income.

Tenants

1. Pizza Restaurant: A beloved local eatery known for its delicious pizzas and Italian specialties, attracting a loyal customer base.
2. Beauty Salon: A popular salon offering a range of beauty services, ensuring a steady stream of clients.
3. Smoke Shop: A well-frequented store with a wide selection of tobacco products, vape supplies, and accessories, catering to a dedicated clientele.

Investment Benefits

• Value-Add Potential: The opportunity to adjust rents to market rates and renegotiate lease terms can significantly enhance property income.
• Growth Potential: Expiring leases offer flexibility to refresh the tenant mix and potentially attract higher-paying tenants.
• Stable and Diverse Income: With three diverse tenants, the property provides a steady and varied income stream.

Location Advantages

• Proximity to Major Roads: Easy access from I-75, attracting both local residents and commuters.
• Community Growth: Situated in a growing area with expanding residential and commercial developments, promising increased patronage.
• Ample Parking: Sufficient parking spaces enhance customer convenience, encouraging longer visits and repeat business.
This retail shopping center at 4163 State Route 122 offers a unique opportunity for savvy investors to capitalize on under-market rents and expiring leases. With strategic management and lease renegotiations, this property can deliver substantial returns and long-term growth.
Contact us today to learn more about this exciting value-add investment opportunity and schedule a property tour.

Discover the vibrant community surrounding the location in Franklin, OH. Situated within the Cincinnati market, the area boasts a thriving commercial landscape with proximity to major business hubs and a skilled workforce. Nearby points of interest include the Dayton Mall, a premier shopping destination, and the Atrium Medical Center, a leading healthcare facility. With convenient access to major highways, including I-75 and I-71, the location offers excellent connectivity to the broader region. Investors seeking an Office / Office Building will find a promising environment for their business endeavors in this bustling and dynamic area.

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