Little Caesars & Boost Mobile Retail Center
$795,000
4103 Montgomery Road, Cincinnati, OH 45212
9.55
Cap Rate
75,950
NOI
Details:
Highlights:
- Fully-Occupied Two-Tenant Retail Center
- Both Tenants Have a Long-Term Commitment to the Site | Little Caesars has Occupied this Location Since 2011 and Boost Mobile has Occupied this Location Since 2014
- Situated at the Intersection of Montgomery Road/US 22 and Delaware Avenue
- Excellent Visibility with Frontage and Signage Along Montgomery Road/US 22 Which Has Traffic Counts Exceeding 12,000 Vehicles Per Day
- Easily Accessible with Multiple Points of Ingress/Egress and Ample Parking Spaces
- Positioned Within a Retail Corridor and Surrounded by National Retailers Including Chipotle, Kroger, McDonald's, Taco Bell, and Wendy's
- Strong 1, 3 and 5-Mile Demographics | Population Exceeds 130,000 Within a 3-Mile Radius of the Property and Over 302,500 Within a 5-Mile Radius of the Property
Description:
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Cincinnati is a city in and the county seat of Hamilton County, Ohio. Settled by Europeans in 1788, the city is located on the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The population of Cincinnati was 309,317 in 2020, making it the third-most populous city in Ohio after Columbus and Cleveland and 64th in the United States. The city is the economic and cultural hub of the Cincinnati metropolitan area, Ohio's most populous metro area and the nation's 30th-largest with over 2.265 million residents.
Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest, after Chicago, Minneapolis–St. Paul, Detroit, and St. Louis. In 2016, it had the fastest-growing Midwestern economic capital. The gross domestic product for the region was approximately $160 billion in 2023. The median home price is $158,200, and the cost of living in Cincinnati is 8% below the national average. As of September 2022, the unemployment rate is 3.3%, below the national average.
Several Fortune 500 companies are headquartered in Cincinnati, such as Kroger, Procter & Gamble, Western & Southern Financial Group, Fifth Third Bank, American Financial Group, and Cintas. General Electric has headquartered their Global Operations Center in Cincinnati; GE Aerospace is based in Evendale. The Kroger Company employs over 20,000 people locally, making it the largest employer in the city; the other four largest employers are Cincinnati Children's Hospital, TriHealth, the University of Cincinnati, and St. Elizabeth Healthcare. Cincinnati is home to a branch office of the Federal Reserve Bank of Cleveland.
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