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1510 Covington Ave, Piqua, OH 2129 S Main St, Bellefontaine, OH 2821 S Washington St, Kokomo, IN 26233 Hoover Rd, Warren, MI
Value Add Kroger Anchored Retail Portfolio
Asset ClassRetail
# Sites4
Square Feet: 896,607Net Operating Income: $4.62 MillionOccupancy: 91%Access Data Room
Long-Tenured Kroger Leases
overview of deal

Overview

 

Cushman & Wakefield Retail Investment Advisors are pleased to present the Value Add Kroger Anchored Retail Portfolio (the “Portfolio”), a 896,607-square-foot, four-property collection of Kroger-anchored shopping centers located across Ohio, Indiana, and Michigan. The Portfolio is 91% occupied and generates $4.62 million in Year 1 NOI, offering stable, necessity-based cash flow supported by long-tenured Kroger anchors, alongside meaningful value-add potential through the lease-up of approximately 87,000 square feet of vacancy and mark-to-market opportunities.

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Investment Highlights

Weighted Average Lease Term
3.8 Years
  • Value Add Opportunity: 91% Occupied - 87,483 SF Vacant
  • Long-Tenured Kroger Leases
  • Low Rent/Low Occupancy Cost
  • Investment Grade Anchors
  • Four Properties, 896,607 SF
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1510 Covington AvePiqua, OH 45356

Sales Team

225 West Wacker Drive, Chicago, IL 60606
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