Hilliard Rome Commons
1710 Hilliard Rome Road, Hilliard, OH, 43026, US
9 933 mètres carrés
Descriptif
Address: 700 Eastgate South Drive, Cincinnati, OH 45245
GLA: 189,312 SF
Year Built/Renovated: 1990/2017
Occupancy: 100%
WALT: 3.9 Years
Weighted Average Tenant Tenure: 10.5 Years
Year 1 NOI: +/- $2,880,000
5-Year CAGR: 2.0%
Jon Vanderplough Licensee #: OH - 2005015674
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Attributs
Occupation
100 %
Année de construction
1990
Média
Points forts de l'investissement
- Dominant Position Within the Eastgate Trade Corridor
- 32 East sees 2M annual visitors
- Located directly off State Route 32 (55,500 VPD)
- Across from Jungle Jim's International Market – drawing 3.4M annual visitors
- Stable, Long-Term Cash Flow with Embedded Upside
- Weighted average in-place rents for anchor tenants (+20,000 SF) are ~43% below market
- Retail market asking rents are up 5.1% YOY
- Multiple Spin-Off Opportunities
- Two, 100% occupied multitenant outlot buildings offer investors exit flexibility at profitable cap rate arbitrage
- Strong Demographic Profile
- $110K Avg. Household Income within 3-mile radius and $130K within 5-miles
- National Credit Anchor Lineup with Secure Income Stream
- ~97% of GLA occupied by national tenancy
- No single tenant contributes more than 17% of income to the center
- Proven Tenant Retention and Long-Term Commitment
- 63,180 SF of recent renewals across 4 tenants:
- Recent 5-7 year extensions from Michaels, HomeGoods, Five Below, and Ulta
- Michaels in-place since 1998 (28+ years of operating history at the asset).
Contactez les courtiers
32 East (0 Propriétés)
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Dernière mise à jour
Jun 11, 2026
