Grocery Anchored Remke Shopping Center Remke Shopping Center INVESTMENT HIGHLIGHTS SUBJECT OFFERING
Grocery Anchored Remke Shopping Center Remke Shopping Center INVESTMENT HIGHLIGHTS SUBJECT OFFERING rossPoint Real Estate Services has been retained by the ownership group to C sell the 100% fee simple interest in this grocery anchored center. The 55,333 square foot property is anchored by long standing Rempke Market & CVS Pharmacy. Location: 3950 - 3970Turkeyfoot Road Independence, Kentucky Traffic Counts: Turkeyfoot Road - 23,378 VPD Industrial Road - 19,747 VPD Subject GLA: Approx. 50,000 / Square Feet Occupancy: 100% Lot Size: 5.55 Acres Year Built: 1995 , 2013 & 2021 Tenants: Rempke Market, CVS Pharmacy, Good Spirits Asking Price: $5,820,000 CA P Ra te: 7.3% In-Place Net Operating Income: $426,383 Remke Shopping Center AERIAL Remke Shopping Center AERIAL Remke Shopping Center AERIAL Remke Shopping Center LOCATION & MARKET • This grocery anchored, Remke Shopping Center is located along Turkeyfoot Road in Independence, Kentucky. The asset is at the intersection of two main roads linking the suburbs and several cities to the airport as well as the various interstate (I-275, I-71 & I-75) systems. Independence, KY is a suburb of Cincinnati, OH and is located approximately 15 miles south of the CBD and less than ten miles to the airport. • The subject offering had superb access with a regional pull given its close proximity to the interstates as well as the distance from other grocery stores. Remke's position in the market has given them a competitive advantage. It is because of this the tenants in this vibrate center do so well as they are able to capitalize on the lack of competition.
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