9148 Old Union rd - Storefront FOR SALE


Union, KY 41091
$4,642,224 USD
781-776-4006
9148 Old Union rd, Union, KY for Sale
$4,642,224 USD
Storefront - FOR SALE
1/7
null | 6.25% Cap Rate

9148 Old Union rd
Union, KY 41091


HIGHLIGHTS

  • Long Term Leases
  • Attractive Rent Increases
  • Dynamic Corporate Tenants
  • Net Leases
  • Strategic Retail Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a new construction two-tenant plaza located at 9148 Old Union Road in Union, Kentucky (the “Property”). The two-tenant plaza is improved by McAlister’s Deli and Body Alive and contains 6,624 square feet on a 0.89-acre parcel of land. McAlister’s Deli has a new ten-year lease with three (3), 5-year renewal options. Body Alive also has a new ten-year lease with two (2), 5-year renewal options. Both leases provide attractive rent increases throughout the primary lease term and renewal options. The Property enjoys outstanding visibility and frontage along US Highway 42, the area’s primary commercial and commuter corridor. The Property is positioned within Union Promenade, a large regional mixed-use development anchored by Cincinnati Children’s Hospital, 70,000 square feet of retail space leased to national and local retailers and restaurants, 300 luxury apartments and 50 single-family residential homes. McAlister’s Deli & Body Alive are seconds from a Kroger Marketplace anchored shopping center, driving traffic to the area, and are surrounded by densely populated residential neighborhoods and new construction residential communities providing a built-in customer base. The Property offers convenient access to area schools, highways, the Cincinnati/Northern Kentucky International Airport and Downtown Cincinnati (16 miles away).

FOR SALE DETAILS

PRICE

$4,642,224 USD

PRICE/SF

$701 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McAlister's Deli & Body Alive

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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