
Powell Center
120-180 East Olentangy Street, Powell, OH, 43065, US
3 675 m²
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.