Glen Este Shopping Center

Located at 948-958 Old State Route 74, this premier property spans 20,520 square feet across 3.26 acres. It is a 100% leased center, hosting 15 diverse tenants within its two buildings, and boasts 150 parking spaces along with a convenient drive-thru. This asset presents an exceptional value-add investment opportunity, marked by potential strategies such as transitioning existing gross leases to NNN leases and aligning below-market rents to the current market benchmark. Presently, the average lease rate stands below market, significantly lower than the prevailing market rate of $17.75 observed for comparable properties in the vicinity. Located in the Eastgate submarket of Cincinnati, this property benefits from a strategic location that guarantees ease of access and is surrounded by some of the highest income demographics in the region. Its advantageous positioning, close to major thoroughfares and within Cincinnati’s most robust retail corridor, not only fosters opportunities for growth but also ensures a stable and long-term tenant base
Value-Add Opportunity- Converting the remaining gross leases to NNN structures and bring Tenant’s to the proper market rents.
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner