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10946 Hamilton Ave, Cincinnati, OH, 45231

7 HILLS SHOPPING CENTER
CONTACT BROKER

Key Information

Tot. SF
50,726
Units
14
Year Built
1967
Type
Shopping Centers
Occupancy
100%

Highlights

INVESTMENT HIGHLIGHTS

  • FOR SALE:
    ➢ 100% occupied ±50,000 sq ft shopping center for sale, with vacant outparcel included.
  • HISTORY OF TENANCY:
    ➢ This property benefits from long term tenants who have been in the plaza for several years. Over 50% of the tenants per GLA have been in the center for 10+ years, and 30% of tenants per GLA being in the center for 20+ years.
  • SYNERGISTIC TENANT MIX:
    ➢ This asset is positioned to be a hub for all things driver’s licenses, vehicle registration, and other services for Southwest Ohio, with tenants such as the Ohio BMV Investigations Office, the Ohio Drivers Exam Center, the District 3 Field Office, the Deputy Registrar, US Auto Insurance, Ohio Insurance Center, Hamilton County Title, and KMR Drivers Training.
  • GOVERNMENT/STATE BACKED TENANTS:
    ➢ The 7 Hills Center benefits from having roughly 55% of the GLA occupied by state or government backed tenants, providing a security of income and occupancy.
  • HIGH DENSITY LOCATION:
    ➢ Asset is strategically located in a densely populated market of Cincinnati, with roughly 175,199 people and 70,921 households in a 5 mile radius.
  • VALUE ADD:
    ➢ Roughly ±660 sq ft vacant outparcel (former Rally’s) is included in the sale, giving a new owner several avenues to add value once under new ownership. A new owner would have the opportunity to release the space and hold to cash flow,  or entertain spin off arbitrage once leased.
  • Strategic Location:
    ➢ Located less than ±1 mile from Interstate 275, this portion of Hamilton Avenue sees roughly ±17,000 VPD.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113