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.
Olde Town Plaza
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
Broker of Record
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
Broker of Record
