Cross Pointe Centre Retail FOR SALE


Centerville, OH
$28,800,000 USD
317-218-5316
, Centerville, OH for Sale
$28,800,000 USD
Retail - FOR SALE
1/7
null | 8.01% Cap Rate

Cross Pointe Centre
Centerville, OH


HIGHLIGHTS

  • Institutional-Quality Asset: All 118 HVAC units were replaced in 2013; outside pole lighting was converted to LED in 2017, awning replaced in 2018.
  • Strong Rent Roll Stability: The majority of tenants have operated at the center for more than 10 years.
  • Affluent Trade Area: Average household income within five miles exceeds $103,000, with a stable and mature residential base.
  • Roof Warranty In Place: The roof on the entire property was replaced in 2013 and has a 20-year warranty in place.
  • Minimal Landlord Expense Responsibility: Over 90% of tenants are operating under triple-net leases and reimburse for property management expense.

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present for sale Cross Pointe Centre, a 217K SF shopping center located in Centerville (Dayton MSA), Ohio. Cross Pointe Centre presents investors with a rare opportunity to acquire a 217,009-square-foot, best-in-class retail center located in the affluent and high-performing Centerville submarket of Dayton, Ohio. Positioned directly off Interstate 675 on more than 25 acres, the property benefits from exceptional regional visibility, strong surrounding demographics, and a proven history of high occupancy and rental stability. Cross Pointe Centre delivers an attractive, year-1 cap rate backed by consistent long-term tenancy and minimal landlord expense responsibilities. The asset is currently 99% leased to 53 tenants in various retail and service-oriented sectors; and with over 90% of the rent roll operating under triple-net leases, Cross Pointe Centre ensures predictable income, limited expense exposure, NOI growth and inflation protection.

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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