935 South St, Wilmington, OH 45177
59,573 SF | 55% Leased | Retail Building | Online Auction Sale | Wilmington, OH 45177
For Sale
Active
- Property Type
-
Retail
- Square Feet
- 59,573 SF
Listing Contacts
Frank Simcic
Cheri Mascitelli
Michael Glass
Property Overview
King Commons Shopping Center presents a 59,573-square-foot shopping center that is home to a synergetic tenant mix in the heart of Wilmington, Ohio. The multi-tenant retail strip sits at 54.88% occupancy and features a sought-after blend of retail and service tenants, including Dollar General, Solutions (state-funded mental health counseling), and the global franchise Subway. Anchor tenants Dollar General and Solutions have both demonstrated commitment to the property with over 15 years of historical occupancy and recently renewed leases in place. A new owner can find excellent value through this acquisition by leasing up the remaining two vacancies at increasing market rents, as the Wilmington retail market has seen an 8.5% rental rate increase over the past three years.
The prominently positioned retail strip mall features three points of ingress and egress, with the front of the property being at the front and center of a signalized intersection along South Street and State Route 134. 935 S South Street is beneficially located adjacent to the Wilmington Air Park Commercial Airport, Wilmington National Weather Service Station, and numerous household-named demand drivers. Nationally renowned businesses within a 3-mile radius of the property include Walmart Supercenter, Kroger, Aldi, Lowe’s, McDonald’s, Wendy’s, CVS, Planet Fitness, AutoZone Auto Parts, Burger King, Taco Bell, and more.
King Commons Shopping Center boasts optimum convenience as it is situated just 1 mile from US 22, providing connectivity to Downtown Cincinnati via a 50-mile commute and a 35-mile drive to Downtown Dayton. Wilmington is an excellent part of the Greater Cincinnati Metropolitan Area. The city currently has nothing under construction in the retail market, promising zero supply-side pressures. Acquire this premium shopping center at 935 S South Street and reap the benefits of Opportunity Zone incentives paired with ideal upside opportunities.
Property tours are available by appointment only. Please contact the broker to schedule.
Broker of Record: Michael Glass with Marcus & Millichap OH License BRK.2007005898.
The prominently positioned retail strip mall features three points of ingress and egress, with the front of the property being at the front and center of a signalized intersection along South Street and State Route 134. 935 S South Street is beneficially located adjacent to the Wilmington Air Park Commercial Airport, Wilmington National Weather Service Station, and numerous household-named demand drivers. Nationally renowned businesses within a 3-mile radius of the property include Walmart Supercenter, Kroger, Aldi, Lowe’s, McDonald’s, Wendy’s, CVS, Planet Fitness, AutoZone Auto Parts, Burger King, Taco Bell, and more.
King Commons Shopping Center boasts optimum convenience as it is situated just 1 mile from US 22, providing connectivity to Downtown Cincinnati via a 50-mile commute and a 35-mile drive to Downtown Dayton. Wilmington is an excellent part of the Greater Cincinnati Metropolitan Area. The city currently has nothing under construction in the retail market, promising zero supply-side pressures. Acquire this premium shopping center at 935 S South Street and reap the benefits of Opportunity Zone incentives paired with ideal upside opportunities.
Property tours are available by appointment only. Please contact the broker to schedule.
Broker of Record: Michael Glass with Marcus & Millichap OH License BRK.2007005898.
Property Details
- Class
- C
- Year Built
- 1977
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 319,295 SF
Highlights
- Exceptionally positioned 59,573-SF retail strip center situated over ±7.33 acres with ample surface parking and easy access in Wilmington, Ohio.
- Prominently sited at a signalized intersection adjacent to Wilmington Air Park Commercial Airport and Wilmington National Weather Service Station.
- Ideal value-add investment opportunity occupied by a strong tenant mix of retail and service tenants, including international franchise Subway.
- Anchor tenants Dollar General and Solutions have over 15 years of historical occupancy and renewed leases, demonstrating a commitment to the property.
- Wilmington is part of the Greater Cincinnati Metropolitan and is 50 miles from Downtown Cincinnati and 35 miles from Downtown Dayton.
- Valuable location within a 3-mile radius of premier demand drivers Walmart, Kroger, Lowe’s, Aldi, McDonald’s, CVS, Planet Fitness, and more.
All available spaces
- Space
- 1st Floor
- Size
- 1,500,025,280 SF
- Condition
- Full Build-Out
- Space
- 1st Fl-Ste 989
- Size
- 1,600 SF
- Condition
- Full Build-Out
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