Investment Overview

The subject investment property is situated along E State Street, which has an average daily traffic count of 10,000 vehicles. The subject property also benefits from its close proximity to Highway 50 and Highway 33, which are two of the main thoroughfares in the immediate area and have average daily traffic counts of 22,500 and 20,000 vehicle, respectively. There are approximately 27,000 people residing within a three-mile radius of the subject property and 35,000 situated within a five-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and a major university. Major national retail and dining concepts in the immediate area include: Bob Evans, CVS, Steak n Shake, PetSmart, Kroger, Walmart, Burger King, Ruby Tuesday, Lowes, Arbys, IHOP, Taco Bell, Aldi, Wendys, and McDonalds, as well as several others. The subject property also benefits from its close proximity to Ohio University, which is located less than two miles southwest of the subject property and can be easily accessed via nearby Highway-50. OhioHealth OBleness Hospital is also located southwest of the property and serves as the main medical center for the city of Athens as well as the numerous surrounding communities. This state-of-the-art medical facility has nearly 150-staffed beds and is a part of the larger OhioHealth System, which is comprised of medical facilities across the state serving a wide array of medical needs from emergency care to infectious disease care and primary pediatric care.