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1035 Vandercar Drive - Florence Marketplace - Florence Marketplace, Florence, KY

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1035 Vandercar Drive - Florence Marketplace - Florence Marketplace

Florence, KY 41042-1579 - Cincinnati Intl Airport Submarket


Property Type:Retail Sub Type:- Status:Existing Year Built:2006
Building Size:22,000 SF Land Area:1.63 AC (70,829 SF)
Smallest Space:2,500 SF Largest Space:2,500 SF Total Space Avail:2,500 SF Rent/SF/Yr:
$15.00
Parking:Free Surface spaces


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,500 SF
$15.00/SF/Yr
30 Days
Negotiable
Retail
 
10570442


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,500 SF
$15.00/SF/Yr
30 Days
Negotiable
Retail

Sale Notes:
Marcus & Millichap is pleased to bring to market Florence Marketplace, a 24,911 SF strip center shadow anchored by a Walmart Supercenter in Florence, Kentucky, 10 miles south of downtown Cincinnati, Ohio. The offering consists of 1.6 +/- acres, constructed in 2006, little to no deferred maintenance and multiple points of ingress and egress. The subject property is located off of I-71, a major northsouth commuter highway with nearly 170,000 VPD. Florence Marketplace is positioned on Vandercar Way near the intersection of Burlington Pike and Houston Road which sees a combined traffic count of nearly 77,000 VPD. Florence Marketplace is currently 100% occupied with two new tenants have joined in 2016, occupying 22% of the GLA combined. Nearly 50 percent of the GLA has signed leases within the last three years showing a high demand for retail space in this dense submarket. All of the tenants are under triple-net (NNN) leases and reimburse management. This highly trafficked location off I-71 is ideally suited for this type of tenant mix with notable tenants that include Jersey Mike' s Subs, Phenix Salon Suite, Republic Finance, Sally Beauty, Liberty Tax and Fantastic Sams Hair Salon.


Quantum Management in Tipton
Gregg Hardy
(517) 851-4939



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