GROCERY ANCHORED SHOPPING CENTER

Southwest Square is a 109,962 SF shopping center located just minutes from downtown Columbus, Ohio. Anchored by a high-performing Kroger, this center ranks in the top 22% of neighborhood shopping centers in Ohio. Southwest Square attracts 2.1 million visits annually, making it a prime retail destination in the area.

HIGH VOLUME KROGER & FUEL CENTER

The Kroger at Southwest Square is a top-performing location, consistently delivering strong results. Complementing the in-store experience, the property includes an 8-pump Kroger Fuel Station, offering enhanced convenience and added value for loyal shoppers.

VALUE CREATION OPPORTUNITY

The Southwest Square offering includes ±5.15 acres of development land. Additionally, the property offers immediate upside potential through the spin-off of the separately parceled Kroger Fuel and T-Mobile outparcels, both of which currently pay below market rent.

WELL MAINTAINED ASSET

Ownership has maintained the property to institutional standards with over $1,560,000 invested over the last 5 years, including new roofs, LED parking lot lighting, paving, HVAC and painting.

STRONG IN-PLACE CASH FLOW WITH VALUE ADD POTENTIAL

Southwest Square offers the opportunity to acquire a premier retail asset anchored by a high-performing grocer, delivering strong and stable in-place cash flow. The property also offers multiple avenues for significant value creation, including the potential spin-off of two outparcels, mark-to-market rent adjustments, lease-up of 4,482 SF of vacant space, and future land development of +/- 5.15 acres.

INVESTMENT GRADE TENANT

Kroger (NYSE: KR) operates under twelve different banners, including Kroger Marketplace, Food 4 Less, Smith’s, and Ralphs. The Kroger Company encompasses over 2,730 stores and 1,702 fuel centers across 35 states. With an S&P rating of BBB, Kroger stands as one of the Midwest’s most successful and reliable grocery chains. Kroger's rent accounts for 42.9% of the center's rental income.

PRIME LOCATION IN WELL ESTABLISHED MARKET

Located just four miles southwest of downtown Columbus, the asset is located in a densely populated area, with an estimated population of 300,981 and over 133,430 households within a 5-mile radius.