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Shopping Strip

Olde Town Plaza

7690 Mall Rd, Florence, KY 41042

Listing Price: $3,000,000

Cap Rate
7.00%
Gross SF
5,946
Rentable SF
5,946
Price/Gross SF
$504.54
Lot Size
0.88 acres
Year Built
1990

Investment Overview

The Dumes Teets Mullowney Group is pleased to bring to market Olde Town Plaza in Florence, Kentucky.

Investment Highlights

  • Two-Tenant Florence Mall Outpad Occupied by Sleep Outfitters and Buff City Soap | Cincinnati MSA
  • At Least Eight Years of Term Remaining for Both Tenants | Triple-Net Lease Structure | Limited Landlord Responsibility
  • Situated Between Two Signalized Entrances to Mall | Near KY-18 which Sees 43,414 VPD and I-75 which Sees 140,482 VPD
  • Located in Dense Florence Shopping Area with Approximately 5.2M Square Feet Stretching around Three and a Half Miles
  • Located Near Cincinnati International Airport | 7th Largest Cargo Airport in North America | 14K Badged Employees
  • Growing Population | Nearly 140,000 Residents within Five Miles with 33 Percent Growth Since 2000
  • 46 Percent Household Income Growth Since 2000 with an Additional 14 Percent Projected in the Next Five Years
  • Located 13 Miles from Downtown Cincinnati | 72 Miles from Lexington, KY | 89 Miles from Louisville, KY

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Shopping Strip

Olde Town Plaza

Listing Price: $3,000,000

Cap Rate
7.00%
Gross SF
5,946
Rentable SF
5,946
Price/Gross SF
$504.54
Lot Size
0.88 acres
Year Built
1990

Investment Highlights

  • Two-Tenant Florence Mall Outpad Occupied by Sleep Outfitters and Buff City Soap | Cincinnati MSA
  • At Least Eight Years of Term Remaining for Both Tenants | Triple-Net Lease Structure | Limited Landlord Responsibility
  • Situated Between Two Signalized Entrances to Mall | Near KY-18 which Sees 43,414 VPD and I-75 which Sees 140,482 VPD
  • Located in Dense Florence Shopping Area with Approximately 5.2M Square Feet Stretching around Three and a Half Miles
  • Located Near Cincinnati International Airport | 7th Largest Cargo Airport in North America | 14K Badged Employees
  • Growing Population | Nearly 140,000 Residents within Five Miles with 33 Percent Growth Since 2000
  • 46 Percent Household Income Growth Since 2000 with an Additional 14 Percent Projected in the Next Five Years
  • Located 13 Miles from Downtown Cincinnati | 72 Miles from Lexington, KY | 89 Miles from Louisville, KY

Investment Overview

The Dumes Teets Mullowney Group is pleased to bring to market Olde Town Plaza in Florence, Kentucky.

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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