Fresh Thyme Farmers Market
3321 Alamo Avenue - Cincinnati OH 45209
LTV (Loan to Value) | 65.00% | Current NOI | $541,595.00 |
Interest Rate | 4.250% | Capital Rate | 7.250% |
Fixed Term | 10 Years | Land Area | +/- 4.03 Acres |
Amortization | 25 Years | Lease Type | NNN |
Loan Amount | $4,855,678.75 | Property Type | Retail. |
Payment | $26,305.06 | Property Lease | Grocery |
Bulding Size | 0 SF | Remaining Terms | 9.25 Years |
Location Description
NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase the fee-simple interest in a standalone retail center building, occupied by Fresh Thyme located at 3321 Alamo Avenue in Cincinnati, Ohio (the “Property”). The Property is located on the hard, signalized and well-trafficked intersection of Alamo Avenue and Ridge Road (30k+ VPD).
Highlights
Class A, Grocery-Anchored Retail Asset with Strong residual Value and Fundamentals –The Property is a premier, grocery-anchored shopping center with…
Property Description
The Property is situated approximately 7.5 miles northeast of downtown Cincinnati. It is located along the extremely dense and active Interstate-71 retail corridor known as “The Center of Cincinnati”. The Property benefits from its location in this robust trade area with numerous surrounding area retailers including Target, Meijer, Sam’s Club, LA Fitness and a Cinemark 14-Screen Movie Theater, among many others. In addition to its immediate retail trade area with a host of national tenants, the Property also provides immediate access to Xavier University (6,600+ students) just 3.5 miles away and the University of Cincinnati (43k+ students) just 6.5 miles away, as well as major employers such as Kroger Co., Proctor & Gamble Company and Macy’s, Inc.