Hamilton Shops | Hamilton, OH
Sands Investment Group is Pleased to Exclusively Offer For Sale the Hamilton Shops Shopping Center Asset 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 66 Years Including Options) Providing a New Investor Long Term Security, Strong Cash Flow & Full Depreciation Benefits. Shadow Anchored By a Top Producing Kroger Grocery Store (Placer.ai.) With 1.3M 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 Security, High Yield, Low Cost Per Square Foot and Favorable Depreciation Benefits.
- Shadow Anchored By Top Performing Kroger Location (NAP): This Kroger Performs in the Top 4% of All Grocery Stores Nationwide (Placer.ai) With 1.3M Visits Per Year Creating a Strong Destination Location and Customer Draw
- 100% Leased Shopping Center Featuring 6 Tenants, Including Casual Dining, Healthcare, and Other Essential Services; The Variety of Business Types Ensures a Steady Income Stream and Broad Customer Appeal, Making this a Strong and Stable Investment
- High Yield (8.55% Cap Rate) and Low Cost Per Square Foot Opportunity ($170 PSF)
- Below Market Rents (Average $16.08) Providing Future Security / Potential Upside to a New Investor
- Long-Term Operating History / Low Historical Vacancy – 4 of the 6 Tenants Have Operated at the Property For Over 15 Years
- Long Term Leasehold (66 Years Remaining With Options) Provides New Investors with Full Depreciation
- Affluent Trade Area – Over $95,014 Average Household Income Within a 5-Mile Radius
- Densely Populated Area – Over 147,000 Residents Residing Within a 5-Mile Radius Contributing to the Shopping Center’s Sustained Success
- Strong Retail Corridor With Neighboring Tenants Including – Kroger, Chipotle, McDonald’s, Sonic Drive-In, Secure EZ Storage, Domino’s Pizza, and More
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker – Lic. #REC.2020005946 BoR: Scott Reid – Lic. OH #BRKP.2020001224
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