Western Hills Retail Center

Western Hills Retail Center

Western Hills
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WESTERN HILLS RETAIL CENTER
5301 – 5305 Glenway Ave., Cincinnati, OH 45238

PRICE $1,650,000
GLA 10,265 SF
PROPERTY TYPE Strip Center
CAP RATE 7.6%
OCCUPANCY 100%
YEAR BUILT 1987
DEMOGRAPHICS
Total Population
1 – mi. – 22,560
3 – mi. – 113,859
5 – mi. – 274,805
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INVESTMENT HIGHLIGHTS

  • Neighborhood Center located in the heart of one of Cincinnati’s busiest retail corridors.
  • Long Term Tenants with NNN leases. Tenants include Wing Eyecare and Subway who have been there since the 90’s. Metro PCS took over a Verizon corporate store several years ago.
  • Wing Eyecare is among the largest and most successful Optometry groups in the country.
  • Metro PCS is family owned and operated with several locations throughout Ohio..
  • Subway has a corporate backed lease.
  • Property has been stabilized for decades.
  • All exterior lighting around both buildings upgraded in 2015. One of the most visible properties on Glenway Ave.
  • The mature and very dense market make new retail development difficult.
  • 2 Parcels, highest traffic count on the west side of Cincinnati. Family friendly town, lots of parks, across from High School.

City:Cincinnati
State:OH
Square Feet:10,265 SF
Price:$1,650,000
Cap Rate:7.6%

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