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Shoppes at Northwoods 780-798 Northwoods Blvd

89,093 SF 98% Leased Retail Building Vandalia, OH 45377 For Sale

Investment Highlights

  • • Dominant Grocery-Anchored Center with Kroger fuel center, drive-thru pharmacy, Little Clinic and Starbucks on site
  • • Dominant traditional grocer in the Dayton market, which has an MSA population of 814,000
  • • Direct access and visibility to I-75, which sees 88,000 VPD
  • • No other grocers in the immediate trade area with nearest competitor 5 miles from the Property
  • • Essential, Internet Resistant Tenancy
  • • Strong 3-mile demos with average household income over $100,000

Executive Summary

Cushman & Wakefield Retail Investment Advisors present Shoppes at Northwoods (the Property), a dominant Kroger and Dollar Tree anchored center located at a full interchange off I-75 in Vandalia, OH (Dayton MSA). Due to the high performing nature of Kroger at Shoppes at Northwoods, the anchor tenant agreed to extend their lease through September 2036. Combined, investment graded tenants Kroger and Dollar Tree account for more than 78% of gross income. There are 5 additional small-shop tenants with one remaining vacancy and an overall WALT at the Property of over 7.5 years. The existing shop tenants have below market rents in the mid/high teens per square foot and the total average rent at the property is $8.19/SF. Shoppes at Northwoods has minimal competition within the immediate submarket and there are no grocery stores within a 5-mile radius. The affluent submarket includes 70,000+ residents and an average household income of over $100,000 in 5 miles.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
89,093 SF
Building Class
B
Year Built
2002
NOI
£594,296
Percent Leased
98%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.11
Lot Size
18.02 AC
Zoning
GB - Gateway Business
Parking
429 Spaces (4.82 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
  • Pylon Sign

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • -

At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.

  • Retailer
  • 99,999 SF
  • -
  • -

Kroger began in 1883 when Barney Kroger invested his life savings of $372 to open a single grocery store at 66 Pearl Street in downtown Cincinnati. He had a simple motto, which is to be particular and never sell anything someone would not want themselves. Nearly 140 years later, the Kroger Company is still particular about how they serve customers and community, how they innovate and who they hire. As the nation’s largest grocer they meet their customers’ changing needs by making fresh food accessible to all. Their current practices are rooted in Barney Kroger’s early efforts to serve customers through food freshness, low prices and innovation—fundamentals that remain at the heart of the Kroger mission today.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer 99,999 SF - -
Retailer 99,999 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,600 SF
  • Retail
  • In-Line
  • 30 Days

Kroger-anchored center located in the northern suburbs of Dayton, OH metro. Directly off Interstate 75 / Northwoods Blvd. exit Large pylon signage available on Interstate 75 Approximately 1.4 million customers visit the center every year, per Placer.ai Surrounding retailers include: Kroger, El Toro, Pilot Flying J, Dollar Tree, Great Clips and Premier Health

Space Size Space Use Position Available
1st Floor 1,600 SF Retail In-Line 30 Days

1st Floor

Size
1,600 SF
Space Use
Retail
Position
In-Line
Available
30 Days

1st Floor

Size 1,600 SF
Space Use Retail
Position In-Line
Available 30 Days

Kroger-anchored center located in the northern suburbs of Dayton, OH metro. Directly off Interstate 75 / Northwoods Blvd. exit Large pylon signage available on Interstate 75 Approximately 1.4 million customers visit the center every year, per Placer.ai Surrounding retailers include: Kroger, El Toro, Pilot Flying J, Dollar Tree, Great Clips and Premier Health

Nearby Major Retailers

Starbucks
Fricker's
CrossFit
Waffle House
KeyBank
Hot Head Burritos

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
B02-00315-0046
Land Assessment
£426,919
Improvements Assessment
£1,641,360
Total Assessment
£2,068,279
  • Listing ID: 33377531

  • Date on Market: 02/10/2024

  • Last Updated:

  • Address: 780-798 Northwoods Blvd, Vandalia, OH 45377

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