9966 Kings Auto Mall Rd Cincinnati, OH 45249

Property Details for 9966 Kings Auto Mall Rd

Year built

1990

Lot size

7.86 lot acres

Property size

67,246 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 67,246 square foot, single-story shopping center boasts a prime location in Cincinnati, Ohio's Mason retail corridor, just off Interstate 71. Built in 1990, the property sits on 7.864 acres and offers 343 parking spaces. Currently 100% occupied by 11 tenants, including a Planet Fitness anchor, the center benefits from a strong weighted average lease term of 4.91 years. The property features a mix of traditional and service-oriented tenants demonstrating robust sales performance, with notable examples including Samarkand Store ($1,131 PSF), Penn Station ($523 PSF), and Lenscrafters ($366 PSF). Samarkand Store, for instance, experienced a 24% year-over-year sales increase. The property's blended occupancy cost is an attractive 5.84%. The center enjoys excellent visibility with two access points along Kings Automall Drive and 528 feet of frontage on Fields Ertel Road. The strong daytime population of 287,163 within the trade area, with a low unemployment rate of 2.2%, further underscores the property's investment potential. The property also offers an attractive assumable debt opportunity with a principal balance of $5.3 million (as of August 1, 2024), a fixed interest rate of 4.04%, a 30-year amortization, and an expiration date of August 2031. The property's proximity to major employers, including Proctor & Gamble and Anthem Blue Cross Blue Shield, and numerous hotels, solidifies its position within a thriving business hub. This presents a compelling opportunity for investors seeking a stabilized, high-performing retail asset in a desirable location.

Location Insight

City

Cincinnati

County

Warren

State

Ohio

Longitude

-84.3079

Latitude

39.2932