retail property for lease centerville square …€¦ · investment community via real-time...

3CRE Advisors7815 Cooper Rd #C, Cincinnati, OH 45242513.490.6881 | 3cre.com

Presented By:

MICHAEL [email protected]

TRYFON [email protected]

890 SOUTH MAIN STREET, CENTERVILLE, OH 45458

CENTERVILLE SQUARE SHOPPING CENTER// RETAIL PROPERTY FOR LEASE

Confidential Offering Memorandum // 2

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

DEMOGRAPHICS 11

ADVISOR BIOS 14

CONFIDENTIALITY & DISCLAIMER CONTENTSAll materials and information received or derived from 3CRE Advisors its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of theproperty, compliance or lack of compliance with applicable governmental requirements,developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither 3CRE Advisors its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the anymaterials or information provided, derived, or received. Materials and information fromany source, whether written or verbal, that may be furnished for review are not asubstitute for a party’s active conduct of its own due diligence to determine these andother matters of significance to such party. 3CRE Advisors will not investigate or verifyany such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verifyall information and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financialdata should be verified by the party including by obtaining and reading applicabledocuments and reports and consulting appropriate independent professionals. 3CREAdvisors makes no warranties and/or representations regarding the veracity,completeness, or relevance of any financial data or assumptions. 3CRE Advisors doesnot serve as a financial advisor to any party regarding any proposed transaction. All dataand assumptions regarding financial performance, including that used for financialmodeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean thatrents can be established at or increased to that level. Parties must evaluate anyapplicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for theproperty.

Legal questions should be discussed by the party with an attorney. Tax questions shouldbe discussed by the party with a certified public accountant or tax attorney. Titlequestions should be discussed by the party with a title officer or attorney. Questionsregarding the condition of the property and whether the property complies with applicablegovernmental requirements should be discussed by the party with appropriate engineers,architects, contractors, other consultants and governmental agencies. All properties andservices are marketed by 3CRE Advisors in compliance with all applicable fair housingand equal opportunity laws.

// TABLE OF CONTENTS


Presented By:



CENTERVILLE SQUARE SHOPPING CENTER - 890 SOUTH MAIN STREET, CENTERVILLE, OH 45458

PROPERTY INFORMATION// SECTION 1

Confidential Offering Memorandum PROPERTY INFORMATION // 4

OFFERING SUMMARY

Available SF: 2,000 - 3,200 SF

Lease Rate: $14.00 SF/yr (NNN)

Lot Size: 0 Acres

Building Size: 97,617

Renovated: 2007

Zoning: B2-General Business

Market: Southwest Ohio

Submarket: Centerville

* Pylon Signage

* Shadow Anchored by Rite Aid Pharmacy

* Excellent visibility and access from OH-48 and Spring Valley

* Strong neighborhood demographics with HH Income of $84,000

* High Visibility and High Traffic Count

* Located at traffic light with access to both OH-48 and Spring Valley

* Built in 1965. Renovated in 2007, Very Well Maintained

* Bi-directional ingress and egress

PROPERTY OVERVIEW

•

// EXECUTIVE SUMMARY

// SITE PLAN


// RETAIL MAP



SUITE TENANT SIZE (SF) LEASE TYPE LEASE RATE

890 South Main Street, Centerville, OH Available 2,500 SF NNN $14.00 SF/yr

890 South Main Street, Centerville, OH Available 2,000 SF NNN $14.00 SF/yr

890 South Main Street,Centerville, OH Available 3,200 SF NNN $14.00 SF/yr

LEASE TYPE | NNN LEASE SPACE | 2,000 - 3,200 SF

LEASE TERM | Negotiable LEASE RATE | $14.00 SF/yr

// AVAILABLE SPACES


Presented By:




LOCATION INFORMATION// SECTION 2

Confidential Offering Memorandum LOCATION INFORMATION // 9

Centerville Square ShoppingCenter

// REGIONAL MAP

Confidential Offering Memorandum LOCATION INFORMATION // 10

// RETAILER MAP


Presented By:




DEMOGRAPHICS// SECTION 3

Confidential Offering Memorandum DEMOGRAPHICS // 12

1 MILE 3 MILES 5 MILES

Total population 7,006 49,880 124,456

Median age 40.0 42.8 41.9

Median age (Male) 40.2 42.4 41.1

Median age (Female) 39.5 43.5 42.9

Total households 3,010 20,684 51,649

Total persons per HH 2.3 2.4 2.4

Average HH income $78,280 $87,680 $85,479

Average house value $234,052 $245,968 $239,853

Total Population - White 6,013 43,792 109,361

% White 85.8% 87.8% 87.9%

Total Population - Black 346 2,119 5,799

% Black 4.9% 4.2% 4.7%

Total Population - Asian 256 2,030 5,007

% Asian 3.7% 4.1% 4.0%

Total Population - Hawaiian 0 0 0

% Hawaiian 0.0% 0.0% 0.0%

Total Population - American Indian 12 40 42

% American Indian 0.2% 0.1% 0.0%

Total Population - Other 227 641 1,576

% Other 3.2% 1.3% 1.3%

Total Population - Hispanic 139 1,154 2,947

% Hispanic 2.0% 2.3% 2.4%

* Demographic data derived from 2010 US Census

// DEMOGRAPHICS REPORT

Confidential Offering Memorandum DEMOGRAPHICS // 13

POPULATION 1 MILE 3 MILES 5 MILES

Total population 7,006 49,880 124,456

Median age 40.0 42.8 41.9

Median age (Male) 40.2 42.4 41.1

Median age (Female) 39.5 43.5 42.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 3,010 20,684 51,649

# of persons per HH 2.3 2.4 2.4

Average HH income $78,280 $87,680 $85,479

Average house value $234,052 $245,968 $239,853

* Demographic data derived from 2010 US Census

// DEMOGRAPHICS MAP


Presented By:




ADVISOR BIOS// SECTION 4

Confidential Offering Memorandum ADVISOR BIOS // 15

7815 Cooper Rd #CCincinnati, OH 45242T 513.745.9333C [email protected]

PROFESSIONAL BACKGROUND

Michael Costantini is an experienced commercial broker specializing in commercial real estate and is a partner in 3CREAdvisors. With over 20 years experience and a track record of producing optimal results, Michael has the knowledge, expertiseand negotiating skills to get the results his clients desire.

A thorough and results-driven broker, Michael is always attuned to the pulse of the market, using his experience to help clientsnavigate current market conditions and anticipate future ones. When working with Michael, clients have a proven professionalthat can deliver results and optimize their commercial real estate investments.

Michael founded 3CRE Advisors with partner Tryfon Christoforou to bring clients a tailored, knowledgeable approach to formingand successfully executing their commercial real estate investment strategy. The 3CRE team has completed over a billiondollars of real estate transactions, and their list of retail clients include Scene 75 Entertainment, Walgreens, CVS, Dollar and toname a few. 3CRE also has in-depth expertise in disposition and acquisition of retail assets ranging from 10,000 SF to 384,000SF.

3CRE has extensive experience in local and regional Midwest markets and has an advantage in locating investment options onbehalf of its clients as well as being able to list their properties on a national basis to the entire 100,000-strong brokerage andinvestment community via real-time syndication to major listing websites, social media platforms, and email campaigns.

Michael holds a bachelor’s degree and a master’s degree in business administration from Xavier University. His industryaffiliations include the International Council of Shopping Centers (ICSC); the National Association of Realtors (NAR); the OhioAssociation of Realtors (OAR); and the Cincinnati and Dayton Board of Realtors.

MICHAEL COSTANTINI

Broker

// ADVISOR BIO

Confidential Offering Memorandum ADVISOR BIOS // 16

7815 Cooper Rd #CCincinnati, OH 45242T 513.745.9333C [email protected]

PROFESSIONAL BACKGROUND

Tryfon Christoforou is an experienced commercial broker specializing in multifamily real estate and is a partner of 3CREAdvisors. He brings broad experience in commercial real estate to his work – in addition to multifamily properties, hisbackground includes mortgages, investment, and ownership of investment property.

By leveraging his diverse work experience in real estate to bring every client the best return possible, Tryfon has establishedhimself as a top performer.

Tryfon has built a reputation as a service-oriented broker who is committed to personally guiding his clients through every phaseof the real estate transaction process from start to finish. He has built long-term relationships with clients based oncollaboration, hard work, an ethical approach, and dedication to a step-by- step method to working with every investor tomaximize results.

Tryfon Co-founded 3CRE Advisors with partner Michael Costantini to bring clients a tailored, knowledgeable approach toforming and successfully executing their commercial real estate investment strategy.

3CRE have extensive experience in local and regional Midwest markets and has an advantage in locating investment options onbehalf of its clients as well as being able to list their properties on a national basis to the entire 100,000-strong brokerage andinvestment community via real-time syndication to major listing sites, social media, and email campaigns.

Tryfon holds a BSBA, Marketing from University of Cincinnati, Ohio. His affiliations include the National Apartment Association,NAR, OAR, and the Cincinnati and Dayton Board of Realtors. He was born in Melbourne, Australia and is of Greek heritage. He isa passionate world traveler and calls Cincinnati his home.

TRYFON CHRISTOFOROU

Managing Partner

// ADVISOR BIO

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