Deerfield Village Square - Mason, OH

Attractive Upside | 89% Occupied With Immediate NOI Growth Potential: The property is currently 89% occupied, presenting a compelling value-add opportunity for a new owner to increase net operating income (NOI) through strategic lease-up of the remaining vacant spaces. With strong tenant demand in the area, this vacancy represents an immediate path to drive revenue.
High Demographic Area | Exceptional Income & Population Density: The property benefits from a highly affluent customer base, with a 3-mile population exceeding 150,000 residents as of 2024. The average household income within this same radius surpasses $130,000, indicating strong consumer spending power and long-term sustainability for retail tenants.
Strong Neighboring Tenants | Anchored by Prominent National Retailers: Situated directly behind Deerfield Towne Center, this asset is surrounded by a powerful lineup of national and regional retailers including Whole Foods, Talbots, Barnes & Noble, Ulta Beauty, Five Below, Ashley Homestore, Crumbl Cookies, Nordstrom Rack, Dick’s Sporting Goods, J.Crew Factory, Panera Bread, Hollywood Feed, and more. This co-tenancy significantly boosts foot traffic and overall desirability.
Recent Development | Walkable to The District at Deerfield: Located less than 0.5 miles from the newly developed District at Deerfield, a dynamic mixed-use project featuring over 340 luxury apartment units and 85,000+ SF of modern retail space. This high-end development enhances the neighborhood’s appeal and is expected to drive both residential density and consumer traffic.
Recent CapEx Completed | Several New HVAC Units Installed: Ownership has recently invested in property improvements, including the installation of multiple new HVAC units across the three-building portfolio. These capital expenditures help mitigate near-term maintenance risks, allowing a new investor to focus on leasing and management rather than major system upgrades.
Economic Driver | Located in Deerfield Township, Warren County’s Business Hub: Deerfield Township serves as the leading economic engine of Warren County, supporting a workforce of nearly 25,000 employees and over 1,000 businesses. The property’s location within this vibrant business community adds long-term employment stability and a strong daytime population.
Strong Retail Performance | Walmart & Regal Cinemas Among Top Performers: According to AlphaMap data, the neighboring Walmart ranks in the 83rd percentile statewide and in the 70th percentile nationally in performance. Additionally, Regal Cinemas ranks in the 94th percentile across Ohio, reinforcing the strength of this retail node and the surrounding tenant mix.
Highly Walkable Location | Direct Connectivity to Surrounding Retail Hubs: This asset features pedestrian-friendly design with sidewalks and crosswalks that provide direct access to all major surrounding retailers. A sidewalk leads directly into Deerfield Towne Center, offering employees and visitors convenient access to a wide array of dining, shopping, and service options, ideal for sustaining high daytime traffic and tenant satisfaction

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Matt Wallace