Alta Fiber | 7688 Mall Rd
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Alta Fiber 7688 Mall Rd
5,220 SF Retail Building Florence, KY 41042 $1,825,000 ($350/SF) 6.90% Cap Rate
Investment Highlights
- Located in heavily trafficked retail corridor
- Building is at the gateway of Florence Mall
Executive Summary
Altafiber is situated between two signalized entrances to Florence mall, near KY-18 which sees 43,414 VPD and I-75 which sees 140,482 VPD
7.34% Average CAP Rate over existing lease term
Florence is Kentucky's 8th Largest City
3 miles from Amazon’s largest Air Hub (4,500 Employees)
Dominant Retail Trade Area (5.2 Million SF)
Surrounded by National Retails & Restaurants
At Entrance to Regional Draw- Florence Mall
Across from Newer Kroger Marketplace Store
Close to Only Costco and Menards in Northern Kentucky
13 Miles from Downtown Cincinnati
Close to Cincinnati International Airport
Altafiber is owned by the global financial services company, Macquarie Group ( 20,600+ employees and $938.3 billion in assets under management) https://www.macquarie.com/us/en.html
7.34% Average CAP Rate over existing lease term
Florence is Kentucky's 8th Largest City
3 miles from Amazon’s largest Air Hub (4,500 Employees)
Dominant Retail Trade Area (5.2 Million SF)
Surrounded by National Retails & Restaurants
At Entrance to Regional Draw- Florence Mall
Across from Newer Kroger Marketplace Store
Close to Only Costco and Menards in Northern Kentucky
13 Miles from Downtown Cincinnati
Close to Cincinnati International Airport
Altafiber is owned by the global financial services company, Macquarie Group ( 20,600+ employees and $938.3 billion in assets under management) https://www.macquarie.com/us/en.html
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,220 SF
Building Class
B
Year Built
1990
Price
$1,825,000
Price Per SF
$350
Cap Rate
6.90%
NOI
$126,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.75 AC
Zoning
C-2, PD, MR
Parking
50 Spaces (9.58 Spaces per 1,000 SF Leased)
Frontage
692 FT on Mall Road
Amenities
- Dedicated Turn Lane
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 062.00-25-001.15 | Improvements Assessment | $500,000 |
| Land Assessment | $350,000 | Total Assessment | $850,000 |
PROPERTY TAXES
Parcel Number
062.00-25-001.15
Land Assessment
$350,000
Improvements Assessment
$500,000
Total Assessment
$850,000
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Alta Fiber | 7688 Mall Rd
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