11315 Montgomery Rd Cincinnati, OH 45249

Harpers Station, a 229,321 square foot shopping center in Cincinnati, OH, presents a compelling investment opportunity. This multi-tenant property, built in 1994 and situated on 19.36 acres (APN: 620-0210-0658-00 & -0657-00), boasts a strong NOI of $2,425,920 with 77.63% occupancy. Key tenants include Fresh Thyme, TJ Maxx, and HomeGoods, all recently extending their leases for five years with rent increases. These anchors, along with Pet Supplies Plus, comprise nearly 50% of the base rent. The property enjoys a weighted average lease term (WALT) exceeding five years. TJ Maxx and HomeGoods demonstrate high sales volumes ($13,183,180 and $9,615,803 respectively in 2023), with occupancy costs of 3.7% and 4.4% respectively. The center features a diverse tenant mix, including restaurants, spas, and salons, many with long tenures and strong performance. A significant value-add opportunity exists with a 50,000 square foot vacant endcap space, previously occupied by LA Fitness. The property benefits from a highly affluent trade area with a 1-mile average household income of $151,551 and a median home value near $400,000. Located at 11315 Montgomery Rd, Cincinnati, OH 45249, Harpers Station enjoys excellent visibility and access, with high daily traffic counts from major roadways and proximity to I-71 and I-275. Fresh Thyme ranks among the top three most trafficked locations in Ohio. The property is offered free and clear of existing financing and is zoned EE.