Newtown Ivy Hills Center-Investment pkg.

8/7/2019 Newtown Ivy Hills Center-Investment pkg.

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E V E R E S T

9912 Carver Road, Suite 100 Cincinnati, OH 45242 TEL: 513-769-2500 www.everestrealestate.com

C O N T A C T :

Chris Nachtrab

[email protected]

513/769-2509

John Thompson

[email protected]

513/769-2514

Office Industrial Retail Investment

Retail InvestmentOpportunity

Ivy Hills Retail Center

7397 Main Street

Newtown, OH 45244


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TABLE OF CONTENTS

Sect ion ................................................Investment Summary & Overview

Sect ion ................................................ Pricing and Financial Analysis

- Financial Summary

- Income

- Expenses

Sect ion ................................................ Property Description

- Property Photos

- Site Plan- Aerial Photos

Sect ion ................................................Demographics Profiles

- Trade Area Map

- Demographics

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Investment & ExpensesIvy Hills Retail Center

Chris Nachtrab John Thompson

[email protected] [email protected]

513/769-2509 513/769-2514Successful Real Estate Solutions!

*1 Based on projected 2010 income

9% CAP Rate Return - Price $2,399,500

emocnI launnA FSP

*1tneReludehcS 692,022$ 11.11$

2*erutpaceResnepxE

sexaTetatsElaeR 581,53$ 77.1$

ecnarusnI 866,3$ 81.0$

MAC 061,91$ 79.0$

erutpaceResnepxElatoT 310,85$ 39.2$

emocnIlaitnetoPssorG 903,872$ 20.41$

Expenses Annual PSF

Real Estate Taxes $37,819 $1.91

Insurance $3,943 $0.20

CAM $20,592 $1.04

Total Expense $62,354 $3.14

Net Operating Income (NOI)* $215,955 $10.35


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Retail Shopping Center

For Sale

FEAT U R ES 19,829 Total SF on 4 Acres

100% occupied

Great neighborhood center

Very stable existing tenants

Excellent tenant mix

High income growing neighborhood

Strong Demographics

Includes 1/3 acre for future development

Solid 9% CAP Rate Return

Sale price: $2,399,500

L O C A T I O NIvy Hills Retail Center

7397 Main Street

Newtown, Ohio 45244

C O N T A C T

John [email protected]

513/769-2514

Chris Nachtrab

[email protected]

513/769-2509

InvestmentCincinnati, OH

The Ivy Hills Retail Center provides the opportunity to own a stable neighborhood shop-ping center with an above market return. The excellent tenant mix and lack of competition

makes for a secure investment. The below market rents and available outlot allow forfuture increased returns.

This is terrific property that will compliment any investors portfolio.

Demographics: 1-Mile 3-Mile 5-Mile

Total Population: 2,653 41,815 140,402Total Households: 1,018 16,612 59,582

Avg. HH Income: $163,007 $109,273 $95,356

Traffic Counts:

State Route 32 West of Round Bottom Road = 22,050 ADT 2002State Route 32 East of Little Dry Run Road = 20,250 ADT 2002

e information submitted is not guaranteed. Although obtained from reliable sources, it is subject to errors, omissions, prior sale and withdrawal from the market without notice.

PRICE REDUCED!


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Executive Summary

Prepared By: The Everest Group/TCN Worldwide

2008 ESRI On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224 4/02/2009 Page 1 of 2

7397 Main St 7397 Main St 7397 Main StCincinnati, OH 45244 Cincinnati, OH 45244 Cincinnati, OH 45244

Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile

2008 PopulationTotal Population 2,653 41,815 140,402

Male Population 49.2% 48.1% 47.6%Female Population 50.8% 51.9% 52.4%Median Age 40.8 39.0 39.2

2008 IncomeMedian HH Income $98,935 $74,118 $66,090Per Capita Income $58,048 $43,369 $40,598Average HH Income $163,007 $109,273 $95,356

2008 HouseholdsTotal Households 1,018 16,612 59,582Average Household Size 2.61 2.51 2.331990-2000 Annual Rate 3.25% 1.25% 0.88%

2008 HousingOwner Occupied Housing Units 78.3% 70.3% 64.5%

Renter Occupied Housing Units 14.3% 23.4% 28.3%Vacant Housing Units 7.5% 6.3% 7.2%

Population1990 Population 1,964 38,209 135,8502000 Population 2,534 41,773 140,9732008 Population 2,653 41,815 140,4022013 Population 2,631 41,752 140,4591990-2000 Annual Rate 2.58% 0.9% 0.37%2000-2008 Annual Rate 0.56% 0.01% -0.05%2008-2013 Annual Rate -0.17% -0.03% 0.01%

In the identified market area, the current year population is 140,402. In 2000, the Census count in the market area was 140,973. The rate ofchange since 2000 was -0.05 percent annually. The five-year projection for the population in the market area is 140,459, representing achange of 0.01 percent annually from 2008 to 2013. Currently, the population is 47.6 percent male and 52.4 percent female.

Households1990 Households 690 14,400 53,8342000 Households 950 16,303 58,7562008 Households 1,018 16,612 59,5822013 Households 1,018 16,715 60,0421990-2000 Annual Rate 3.25% 1.25% 0.88%2000-2008 Annual Rate 0.84% 0.23% 0.17%2008-2013 Annual Rate 0% 0.12% 0.15%

The household count in this market area has changed from 58,756 in 2000 to 59,582 in the current year, a change of 0.17 percent annually.The five-year projection of households is 60,042, a change of 0.15 percent annually from the current year total. Average household size iscurrently 2.33, compared to 2.38 in the year 2000. The number of families in the current year is 36,633 in the market area.

Housing

Currently, 64.5 percent of the 64,180 housing units in the market area are owner occupied; 28.3 percent, renter occupied; and 7.2 percent arevacant. In 2000, there were 61,630 housing units 65.7 percent owner occupied, 29.6 percent renter occupied and 4.7 percent vacant. Therate of change in housing units since 2000 is 0.49 percent. Median home value in the market area is $164,801, compared to a median homevalue of $192,285 for the U.S. In five years, median home value is projected to change by 0.78 percent annually to $171,351. From 2000 tothe current year, median home value changed by 2.18 percent annually.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.
http://www.esri.com/baohttp://www.esri.com/bao


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Executive Summary

Prepared By: The Everest Group/TCN Worldwide

2008 ESRI On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224 4/02/2009 Page 2 of 2

7397 Main St 7397 Main St 7397 Main StCincinnati, OH 45244 Cincinnati, OH 45244 Cincinnati, OH 45244

Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile

Median Household Income1990 Median HH Income $47,143 $40,070 $36,5202000 Median HH Income $70,378 $55,973 $51,7832008 Median HH Income $98,935 $74,118 $66,0902013 Median HH Income $115,813 $80,882 $74,4121990-2000 Annual Rate 4.09% 3.4% 3.55%2000-2008 Annual Rate 4.21% 3.46% 3%2008-2013 Annual Rate 3.2% 1.76% 2.4%

Per Capita Income1990 Per Capita Income $18,848 $20,093 $19,8882000 Per Capita Income $39,690 $32,120 $31,0862008 Per Capita Income $58,048 $43,369 $40,5982013 Per Capita Income $76,324 $53,895 $48,9001990-2000 Annual Rate 7.73% 4.8% 4.57%2000-2008 Annual Rate 4.72% 3.71% 3.29%2008-2013 Annual Rate 5.63% 4.44% 3.79%

Average Household Income

1990 Average Household Income $58,172 $53,614 $50,1892000 Average Household Income $114,557 $82,309 $74,0462008 Average HH Income $163,007 $109,273 $95,3562013 Average HH Income $212,699 $134,788 $114,0361990-2000 Annual Rate 7.01% 4.38% 3.97%2000-2008 Annual Rate 4.37% 3.49% 3.11%2008-2013 Annual Rate 5.47% 4.29% 3.64%

Households by Income

Current median household income is $66,090 in the market area, compared to $53,154 for all U.S. households. Median household income isprojected to be $74,412 in five years. In 2000, median household income was $51,783, compared to $36,520 in 1990.

Current average household income is $95,356 in this market area, compared to $73,126 for all U.S. households. Average household incomeis projected to be $114,036 in five years. In 2000, average household income was $74,046, compared to $50,189 in 1990.

Current per capita income is $40,598 in the market area, compared to the U.S. per capita income of $27,916. The per capita income isprojected to be $48,900 in five years. In 2000, the per capita income was $31,086, compared to $19,888 in 1990.

Population by Employment

Total Businesses 220 1,845 7,198Total Employees 3,612 22,545 84,108

Currently, 95.6 percent of the civilian labor force in the identified market area is employed and 4.4 percent are unemployed. In comparison,93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five years the rate of employment in the marketarea will be 95.8 percent of the civilian labor force, and unemployment will be 4.2 percent. The percentage of the U.S. civilian labor force thatwill be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 68.3 percent of the population aged 16 years orolder in the market area participated in the labor force, and 0.0 percent were in the Armed Forces.

In the current year, the occupational distribution of the employed population is:

73.2 percent in white collar jobs (compared to 60.2 percent of U.S. employment)

13.3 percent in service jobs (compared to 16.5 percent of U.S. employment)

13.5 percent in blue collar jobs (compared to 23.3 percent of U.S. employment)

In 2000, 82.8 percent of the market area population drove alone to work, and 3.8 percent worked at home. The average travel time to work in2000 was 22.9 minutes in the market area, compared to the U.S. average of 25.5 minutes.

Population by Education

In 2008, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:

9.3 percent had not earned a high school diploma (16.4 percent in the U.S.)

21.6 percent were high school graduates only (29.6 percent in the U.S.)

7.0 percent had completed an Associate degree (7.2 percent in the U.S.)

27.3 percent had a Bachelors degree (17.0 percent in the U.S.)

16.8 percent had earned a Masters/Professional/Doctorate Degree (9.7 percent in the U.S.)

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.
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