1510-1598 Covington AveKettering, OH 45429

For Lease
$10/SF/YR

Grocery-anchored shopping center, high traffic

Overview

Added:
Dec 11, 2024
Days on market:
91
Market Place, located at 1510-1598 Covington Avenue in Piqua, Ohio (zip code 45429), is a 182,487 square foot retail shopping center with a mix of national tenants including Kroger, Roses, McDonald's, AutoZone, East of Chicago Pizza, and Advance America. Currently 89% occupied, the center offers multiple tenancy opportunities with a minimum divisible space of 7,909 square feet and a maximum contiguous space of 9,000 square feet. There is currently 16,909 square feet of vacant space available. The property boasts excellent visibility and frontage along US 36/Covington Avenue, a major roadway with over 40,000 vehicles per day. Two signalized entrances provide easy access. The center benefits from its proximity to Hartzell Propeller, a large local employer with over 268 employees, and is surrounded by residential areas with average household incomes exceeding $60,000 within a 5-mile radius. Its strategic location near Interstate 75 (2.5 miles) provides convenient access to the larger Dayton metropolitan area (approximately 30 miles away), home to Wright-Patterson Air Force Base and a significant healthcare industry, creating a robust consumer base of over one million people. The property's diverse tenant mix and staggered lease terms offer resilience against shifting retail trends, making it a strong investment opportunity in a growing market. The property is situated in Miami County.

Highlights

  • Kroger-anchored retail center in Piqua, OH, with strong national tenant mix including Roses, McDonald's, AutoZone, and others; 89% occupancy.
  • Priced under $40/SF, offering significant upside potential through lease-up of 16,909 SF of vacant space and below-market rents.
  • Staggered lease terms with long-term tenants provide stability and predictable income growth.
  • Excellent visibility and access on US 36/Covington Avenue (40,000 VPD), adjacent to a major local employer.
  • Majority of tenants on NNN leases with mid-term rent increases and expense reimbursements.

Unit(s) available at that property

Space
Available Space 1
Size
7,909 SF
Rate per SF
$10
Space
Suite 3
Size
9,000 SF
Rate per SF
$10

Location Insight

City
Kettering
County
Miami
State
Ohio
Latitude
39.6801641
Longitude
-84.1540659
1510-1598 Covington Ave, Kettering, Ohio

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1510-1598 Covington Ave
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