National-Tenant Strip
New
For Sale
$4,070,000
4611 Eastgate Blvd, Cincinnati, OH 45245
Three established national retailers occupy a 10,036-square-foot center built in 2012.
Property Size10,036 SF
Price / SF$405.54
Days on Market4
Property Features for 4611 Eastgate Blvd
General Information
Standard status
Active
Size
10,036 SF
Property subtype
Shopping Strip
Site & Location
Corner Location
Yes
Traffic Count
106,000 vehicles/day
Highway Access
Yes
Amenities
UNANCHORED STRIP CENTER | CINCINNATI, OH
100% NATIONAL TENANT MAKEUP
PRIME RETAIL POSITIONING IN AN AFFLUENT EASTGATE CORRIDOR
SIGNIFICANT NEW INVESTMENT IN EASTGATE
CINCINNATI MSA | DIVERSE MIDWEST ECONOMIC HUB
Building Details
Building Size
10,036 SF
Year Built
2012
Tenancy
Multi
Listed By:
Zach Taylor · License #License(s): GA: 266327
(678) 808-2780
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 9 at 4:13PM
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 Zach Taylor
Investment Insights
Based on property information with market context.
Built in 2012, this 10,036-square-foot retail center is occupied by Chase Bank, Men’s Wearhouse, and Supercuts. The national tenants have an average tenure of 9.5 years; Men’s Wearhouse and Supercuts have each operated at the property for more than 12 years. Chase occupies 40% of the gross leasable area, with a lease running through January 2034 and rent increases during its initial term, plus options.
The center is directly adjacent to Eastgate Mall and sits at a signalized intersection with access to SR 32 and I-275. The combined routes carry 106,000 vehicles per day. Retail inventory within one mile totals 1.9 million square feet, with national retailers including Walmart, Kroger, Meijer, Best Buy, and Costco. The property is in the Cincinnati MSA.
The center is directly adjacent to Eastgate Mall and sits at a signalized intersection with access to SR 32 and I-275. The combined routes carry 106,000 vehicles per day. Retail inventory within one mile totals 1.9 million square feet, with national retailers including Walmart, Kroger, Meijer, Best Buy, and Costco. The property is in the Cincinnati MSA.
Key Highlights
- 10,036‑square‑foot strip center built in 2012
- Occupied by Chase Bank, Men’s Wearhouse, and Supercuts
- National tenants average 9.5 years of tenure; Men’s Wearhouse and Supercuts have been at the property for 12+ years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,705
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,314,100
$2.3M
Cap Rate 7%
$1,652,929
$1.7M
Cap Rate 9%
$1,285,611
$1.3M
Market Conditions
NOI Build-Up for 10,036 SF
Gross rent
$180.6K $18.00/SF
− Vacancy
−$15.4K −$1.53/SF
EGI
$165.3K $16.47/SF
− OpEx
−$49.6K −$4.94/SF
NOI
$115.7K $11.53/SF
Area
Cincinnati, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,314,100
Cap Rate 7%
$1,652,929
Cap Rate 9%
$1,285,611
Alternative Uses
Best Use
Retail
$1.65M
$1.45M – $1.93M
NOI $115,705 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,651 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
106,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Groceries 36%
Shops & Services 21%
Office Supplies 3%
Kroger
Groceries
58,447 visits/mo
0.4 miles
Marshalls
Apparel
43,062 visits/mo
0.4 miles
Dollar Tree
Shops & Services
28,585 visits/mo
0.4 miles
Ross Dress for Less
Apparel
20,904 visits/mo
0.4 miles
OfficeMax
Office Supplies
5,106 visits/mo
0.4 miles
Demographics for 45245, OH
20,249
Population
8,897
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
92%
High-School Grad
15.8 sq mi
ZIP Area
1,282
Density / Sq Mi
$73,135
Median Household Income
$48,351
Median Earnings
$1,123
Median Rent
$259,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Cincinnati, OH
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Frequently Asked Questions
What type of property is this?
Strip mall - Three established national retailers occupy a 10,036-square-foot center built in 2012.
Where is this strip mall located?
The property is located at 4611 Eastgate Blvd Cincinnati, OH.
What is the asking price?
The asking price for this property is $4,070,000.
What are key features of this property?
This property features: 10,036‑square‑foot strip center built in 2012; Occupied by Chase Bank, Men’s Wearhouse, and Supercuts; National tenants average 9.5 years of tenure; Men’s Wearhouse and Supercuts have been at the property for 12+ years
