Servicer Sale: Grocery Anchored Retail | Colerain Commons

Highlights:

• Diverse Tenant Base
• Surrounding Complementary Retail including Chick-fil-A and Panera Bread
• Northgate Mall has future potential as a re-development
• Traffic light cross-access to two developments

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2439/servicer-sale-grocery-anchored-retail-colerain-commons?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2439

Colliers International, in conjunction with RealINSIGHT Marketplace, is pleased to present Colerain Commons, a 73,569 square-foot (SF) two-building retail center located at 9430-9490 Colerain Avenue on one of Cincinnati’s foremost retail corridors. Colerain Commons is an outstanding opportunity for investors to purchase professionally maintained properties at an attractive basis in a dense, heavily-trafficked suburban location. This asset provides stable cash flow from its in-place tenancy and upside through new leasing strategies.

Colerain Commons consists of a 67,369 SF multi-tenant retail center with two junior anchors (built in 1988, updated in 2013) and another 6,200 SF multi-tenant out parcel building (buiilt in 2003). The property is currently 89.3% occupied to multiple long-standing tenants that include Aldi, Chipotle and Shoe Carnival, amongst others. This tenancy offers strong income, staggered lease expirations and options to extend. A new investor can further improve the occupancy through a strategic leasing plan of the vacant space at long-term market rates. Colerain Commons is situated on 5.87 acres with great frontage along one of the city’s most well-known retail avenues, within dense residential neighborhoods and surrounded by many large, national retailers. The property offers excellent accessibility to both regional interstates and public transportation.

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