Leased Strip Center Near Kroger

1450-1496 S Erie Blvd, Hamilton, OH

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For Sale

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Fully leased strip center with long-term tenants and ground lease.

Type:RETAIL

Lot size:

10.14 Acres

HighLights

100% Leased 6‑tenant shopping center providing a steady income stream.
Shadow‑anchored by a top‑performing Kroger location (top 4% nationwide) with 1.3M visits per year.
High yield 8.55% Cap Rate and low cost per square foot ($170 PSF).
Long‑term leasehold (66 years remaining with options) providing full depreciation benefits.
Long‑term operating history with low historical vacancy; 4 of 6 tenants have operated at the property for over 15 years.
Below‑market rents (average $16.08) providing future upside potential.

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Listing Contact

Daniel Hoogesteger

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For Sale

Contact for pricing

Fully leased strip center with long-term tenants and ground lease.

Type:RETAIL

Lot size:

10.14 Acres

Added:: Apr 8, 2025
Days on Market:: 432
Last Refresh:: May 20 at 8:31 pm

Property Features for 1450-1496 S Erie Blvd

General Information

Standard status: Active
Lot size: 10.14 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Daniel Hoogesteger

Listing agent Daniel Hoogesteger

Listing office Sands Investment Group (SIG) | Fort Lauderdale

Listing date Apr 8, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Fort Lauderdale

HighLights

100% Leased 6‑tenant shopping center providing a steady income stream.
Shadow‑anchored by a top‑performing Kroger location (top 4% nationwide) with 1.3M visits per year.
High yield 8.55% Cap Rate and low cost per square foot ($170 PSF).
Long‑term leasehold (66 years remaining with options) providing full depreciation benefits.
Long‑term operating history with low historical vacancy; 4 of 6 tenants have operated at the property for over 15 years.
Below‑market rents (average $16.08) providing future upside potential.

Overview

The Hamilton Shops Shopping Center is a 100% leased, 6-tenant strip center located at 1476-1496 South Erie Boulevard in Hamilton, OH. The property benefits from a long-term ground lease with 66 years remaining including options, providing long-term security, strong cash flow, and full depreciation benefits. Shadow-anchored by a top-producing Kroger grocery store with 1.3 million visits per year, the property benefits from a strong destination location and customer draw. The center features casual dining, healthcare, and other essential services. Four of the six tenants have operated at the property for over 15 years, demonstrating a long-term operating history and low historical vacancy. The property is located in an affluent trade area with over $95,014 average household income within a 5-mile radius and a densely populated area with over 147,000 residents within a 5-mile radius. Neighboring tenants include Kroger, Chipotle, McDonald’s, Sonic Drive-In, Secure EZ Storage, and Domino’s Pizza.

Location Intelligence

Current Use by Public Records

Shopping centers

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Location Insight

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Local Demand

City: Hamilton
County: Butler
State: Ohio
Longitude: -84.5613
Latitude: 39.3995

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For sale
Shopping centers
OH
Hamilton
1450-1496 S Erie Blvd

What type of property is this?

Shopping center - Fully leased strip center with long-term tenants and ground lease.

Where is this shopping center located?

The property is located at 1450-1496 S Erie Blvd Hamilton, OH.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: 100% Leased 6‑tenant shopping center providing a steady income stream.; Shadow‑anchored by a top‑performing Kroger location (top 4% nationwide) with 1.3M visits per year.; High yield 8.55% Cap Rate and low cost per square foot ($170 PSF).

1450-1496 S Erie Blvd, Hamilton, OH

Fully leased strip center with long-term tenants and ground lease.

Property Features for 1450-1496 S Erie Blvd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Two-Level Bar and Restaurant

Corner Grocery Store with Apartment

Turnkey Duplex Portfolio Investment

Turnkey Hamilton Duplex Portfolio

Turnkey Hamilton Duplex Portfolio

Fully Rehabbed Hamilton Duplex

Commercial Building on Corner Lot

Multifamily Property in German Village

Hamilton, OH Warehouse For Sale

Hamilton Triplex with Recent Updates

Retail Space with Patio and Mezzanine

Hamilton Duplex with Income Potential

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