1336 Hansel Ave - Freestanding FOR SALE


Florence, KY 41042
$17,050,000 USD
404-832-1251
1336 Hansel Ave, Florence, KY for Sale
$17,050,000 USD
Freestanding - FOR SALE
1/6
null | 8% Cap Rate

1336 Hansel Ave
Florence, KY 41042


HIGHLIGHTS

  • Nationally Anchored 99,578 SF Shopping Center in the Cincinnati MSA: Dick’s Sporting Goods & Arhaus The Loft
  • Durable Income Stream: 6.0 WALT
  • Densely Populated Suburb of Cincinnati: 150,000+ Residents within the 5-Mile Radius
  • Strong Dick’s Sporting Goods Performance Metrics; Top 78% Nationally and Top 81% in Kentucky
  • Top Performing Retail Corridor in Kentucky: Many of the Nearby Big Box Retailers having Top 80 Percentile Stores in the State on this Corridor
  • Cincinnati/Northern Kentucky International Airport (CVG) sits behind the Property Servicing 9.2 Million Passengers Annually

OVERVIEW

Franklin Street is pleased to present the opportunity to acquire Turfway Commons, a 99,578 SF regional shopping center in Florence, Kentucky. Florence is a southwest suburb in the Cincinnati MSA, which is home to 2.3 million residents. The region has seen consistent growth, with the metro population increasing by over 50,000 people (approximately 2.3%–2.8%) over the past five years. The Cincinnati MSA (OH-KY-IN) is experiencing strong economic growth, with its GDP reaching $198 billion, making it the top economic engine in Ohio. Turfway Crossing is located in a major retail corridor servicing a large trade area. Dick’s Sporting Goods is an original tenant with 25 years of operational history at this location and recently extended their lease to give them 5 years remaining on their lease term. Arhaus, an upscale home furnishing company with 100+ units, moved into the center in 2024. The investment offers a stable income stream from corporate tenants with scheduled rent increases through primary terms and option periods.

FOR SALE DETAILS

PRICE

$17,050,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turfway Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

429

LAND DETAILS

CROSS STREETS

Turfway Rd

LAND ACRES

8.2 AC

LAND SF

357,192 SF

ZONING

C-2

APN/PARCEL ID

061.00-00-016.00

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

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Bryan BelkFranklin StreetMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.