Listing Agency: t*@lee-associates.com Show Phone

Listed By: Tc Show Phone

Added: Jan 15, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

Two outparcels, one 0.96-acre and the other 1-acre, are available for ground lease. The location benefits from high traffic, with an Average Annual Daily Traffic (AADT) of 18,825 vehicles at the signalized intersection of State Route 32 and Mt. Carmel Tobasco Road. Proximity to I-275, with an AADT of 81,261, provides excellent accessibility and visibility. Eastgate Mall and numerous national retailers, including Chase Bank, Chick-fil-A, Kohl's, Best Buy, Sam's Club, and Chipotle, are located within a 1.5-mile radius. The area has a daytime employment population exceeding 21,000 within a 3-mile radius. The properties are located in Cincinnati, Ohio. The annual ground lease rate for each pad is $110,000. The properties are specifically targeted towards retail businesses and offer an opportunity to join established national retailers such as Wawa and McDonald's.

Property Analytics

Current Use

Land

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Demographics for 45244, OH

28,936

Population

11,104

Households

2.6

Avg Household Size

40

Median Age

53%

College-Educated

96%

High-School Grad

21.7 sq mi

ZIP Area

1,333

Density / Sq Mi

$108,413

Median Household Income

$59,717

Median Earnings

$1,075

Median Rent

$346,100

Median Home Value

Market

Vacancy Rate% for Industrial in Cincinnati, OH

4.2% 2019

5% 2020

4.1% 2021

1.7% 2022

5.1% 2023

5.6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Land - 2 outparcels available for ground lease

Where is this land located?

The property is located at 550 Old State Route 74 Cincinnati OH 45244 Cincinnati, OH.