Current Use by Public Records
- Lifestyle centers
Property Details for 2900 Us-22
- Year built
- 1962
- Lot size
- 14.00 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents Landen Square Shopping Center, a stabilized retail property located at 2900 US-22, Maineville, Ohio, 45039. This 68,173 square foot shopping center, built in 1962 and renovated in 2012, sits on a 14-acre lot and boasts a remarkable 98% occupancy rate across its 21 units. The property features two single-story buildings with a diverse tenant mix, making it resilient to e-commerce trends. The current Net Operating Income (NOI) is $648,715, yielding an 8.01% cap rate with a pro-forma cap rate of 10.25%. The property benefits from a Kroger shadow anchor, NNN leases, and multiple points of ingress and egress, ensuring strong traffic flow exceeding 31,000 cars daily. Located in Warren County, Landen Square enjoys a prime location with over 140,000 people within a 5-mile radius and an average household income exceeding $157,000. Below-market rents and scheduled rent increases offer significant potential for future return growth. The asking price for this well-established retail destination is $8,100,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maineville
- County
- Warren
- State
- Ohio
- Longitude
- -84.2749
- Latitude
- 39.311
