Three-Tenant Retail Strip - Springdale, OH

5 East Kemper Road, Springdale, OH, 45246, US

描述

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the 11,210 square foot freestanding, three-tenant Aspen Dental, Verizon, The Vitamin Shoppe located at 5, 35, 55 E Kemper Road in Springdale, OH (“Property” or “Asset”). The Property is 100% leased to Aspen Dental (“Aspen”), Verizon, and The Vitamin Shoppe (“Vitamin Shoppe” or collectively, “Tenants”) with all three Tenants on NN lease structures with ±5.8-years of weighted average remaining lease term and annual rental increases ranging from 8.0% - 10.0% every 5-years.

The Asset features diverse, investment grade tenancy from Verizon (S&P: BBB+), with profitable, nationally-recognized brands occupying the remaining square footage. Additionally, Aspen Dental is one of the largest Dental brands is the U.S. with over 1,100 locations. With a strong tenant roster, durable lease structures, and exposure to both established retail anchors and large-scale economic catalysts, the Property offers a rare opportunity to acquire a stabilized, low management asset in one of Cincinnati’s fastest-growing corridors.

Broker of Record:

Jon Vanderplough (License #: 2025003584)

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属性

租户

Verizon, Aspen Dental, The Vitamin Shoppe

询价

¥47,475,000

资本化率

6.25%

净运营收入

¥2,968,000

加权平均未到期租赁期

5.8 年

租赁类型

净租赁（N/NN/NNN）

媒体

投资亮点

Verizon (S&P: BBB+) recently extended its lease for another 5-years, further entrenching their tenure at the Property
The Property remains in the pathway of development and is next door to a $1.3B mall re-development (largest project in the city's history)
Straddles the I-75 / I-275 beltway interchange, which brings over 130,000 VPD and is receiving a $71M ramp upgrade
Located in Springdale, an award-winning suburb in the Cincinnati Metro
±5.8-years of WALT with minimal landlord responsibilities - all tenants are on double-net lease structures
Average household income within a 5-mile radius of $110,000
Excellent visibility off E Kemper Road with over 50,900 VPD
Attractive risk-adjusted returns given the multiple tenants, attractive in-place economics, and strong corner outlot positioning