request_info_guest false
Street View
Map
3 Photos

Turfway Crossing

$17,050,000

1336 Hansel Ave, Florence, KY 41042

Active
Last Updated: 08/27/2026

8

Cap Rate

1,364,599

NOI

Details:
Cap Rate:    8%
NOI:    $1,364,599
Building Size:    99,578 sqft
Lot Area:    8.2 acres
Occupancy:    94.98%
Year Built:    2002
Parking Spots:    429
Highlights:
  • Nationally Anchored 99,578 SF Shopping Center in the Cincinnati MSA: Dick’s Sporting Goods, Arhaus & Body Alive Fitness
  • Durable Income Stream: 6.0 WALT
  • Densely Populated Suburb of Cincinnati: 150,000+ Residents within the 5-Mile Radius
  • Strong Dick’s Sporting Goods Performance Metrics; Top 78% Nationally and Top 81% in Kentucky
  • Top Performing Retail Corridor in Kentucky: Many of the Nearby Big Box Retailers having Top 80 Percentile Stores in the State on this Corridor
  • Surrounded by National Big Box Retailers: Target, Lowe's, Home Depot, Sam’s Club, Meijer, Walmart, among others
  • Cincinnati/Northern Kentucky International Airport (CVG) sits behind the Property Servicing 9.2 Million Passengers Annually
Description:

Franklin Street is pleased to present the opportunity to acquire Turfway Crossing, a 99,578 SF regional shopping center in Florence, Kentucky. Florence is a southwest suburb in the Cincinnati MSA, which is home to 2.3 million residents. The region has seen consistent growth, with the metro population increasing by over 50,000 people (approximately 2.3%–2.8%) over the past five years. The Cincinnati MSA (OH-KY-IN) is experiencing strong economic growth, with its GDP reaching $198 billion, making it the top economic engine in Ohio. Turfway Crossing is located in a major retail corridor servicing a large trade area. Dick’s Sporting Goods is an original tenant with 25 years of operational history at this location and recently extended their lease to give them 5 years remaining on their lease term. Arhaus, an upscale home furnishing company with 100+ units, moved into the center in 2024. Most recently, Body Alive Fitness, a workout studio that offers Pilates, Yoga, Barre, and Sculpt fitness classes is joining the center in 2026. The fast growing concept has 36 locations currently and offers a corporate guarantee. The investment offers a stable income stream from corporate tenants with scheduled rent increases through primary terms and option periods.

Florence is a city in Kentucky.

Map:
Location
Gallery