January 12, 2024 – Chris King of Horvath & Tremblay has successfully completed the sale of Delhi Plaza, a multi-tenant retail center in Cincinnati, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,150,000.
Delhi Plaza is located at 4940-4990 Delhi Road in Cincinnati, Ohio. The Property is a well-established retail plaza comprised of a 32,346 square foot strip center and a freestanding 4,104 square foot building on a large 3.4-acre parcel of land. The Property is 100% leased to six tenants including Dollar General, CSL Plasma, Bigby Coffee and Pizza Hut and includes additional income from the rental of a portion of the parking lot. Four of the six tenants at Delhi Plaza have scheduled rent increases in their primary lease term providing a steady increase in income and an attractive hedge against inflation. The property enjoys outstanding frontage and visibility along Delhi Road, the area’s primary commercial corridor and is surrounded by national retailers, including Kroger, Walgreens, Family Dollar, Dollar Tree, and several nationally branded restaurants that drive traffic to the area. The area is also home to densely developed residential neighborhoods that provide a captive customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.