1476-1496 S Erie Hwy - Storefront FOR SALE


Hamilton, OH 45011 | 
$2,250,000 USD
310-853-1419
1476-1496 S Erie Hwy, Hamilton, OH for Sale
$2,250,000 USD
Storefront - FOR SALE
1/5
null | 8.93% Cap Rate

1476-1496 S Erie Hwy
Hamilton, OH 45011


HIGHLIGHTS

  • Kroger ranks in the top 4% of grocery stores nationwide, according to Placer.ai, attracting ~1.3 million annual visits.
  • Fully occupied by 6 tenants spanning casual dining, healthcare, and essential services, providing diversified income and broad consumer appeal.
  • Offered at an 8.93% CAP Rate and $162.54 PSF, providing compelling in-place yield at an attractive basis.
  • Average rents of ~$16.08 PSF provide potential future upside through lease renewals and rent growth.
  • 4 of the 6 tenants have operated at the property for 15+ years, demonstrating strong tenant retention and long-term stability.
  • ~65 years remain on the leasehold, including options, providing long-term control and depreciation benefits for a new investor.

OVERVIEW

We are pleased to exclusively offer for sale Hamilton Shops, located at 1476-1496 South Erie Boulevard in Hamilton, OH. The property includes a 100% leased 6-tenant strip center on a long-term Ground Lease (Ground Lease runs for ~65 years, including options), providing a new investor with long-term security, strong cash flow, and full depreciation benefits. Shadow anchored by a top-producing Kroger grocery store (Placer.ai) with ~1.3 million visits per year, the subject property benefits from a strong destination location and customer draw. With a long term operating history and low historical vacancy, this property provides an investor with security, high yield, low cost PSF, and favorable depreciation benefits. In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

8.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hamilton Shops - Hamilton, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

10.14 AC

LAND SF

441,698 SF

ZONING

BPD

APN/PARCEL ID

P6451-035-000-005

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment GroupMore Info
310-853-1419

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

Daniel HoogestegerSands Investment GroupMore Info
310-853-1419

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