Centerville Square Shopping Center

The asset provides stable day-one cash flow alongside substantial value-add potential. A massive $2.00 to $8.00 per square foot mark-to-market opportunity exists upon tenant rollover, as current in-line rents average $10.27 per square foot compared to prevailing market rates of $16 to $18. Near-term income is highly de-risked by a two-year seller master lease on the newly renovated 31,977-square-foot anchor space at $375,000/year, allowing buyers time to secure a permanent tenant without losing immediate yield. Additional immediate upside can be realized through the development of a build-ready 0.524-acre corner outparcel.3CRE exclusively presents Centerville Square, a 100% occupied, 97,617-square-foot retail asset situated on nearly 8.5 acres in Centerville, one of the Dayton area's most affluent and supply-constrained suburbs. Priced well below replacement cost at roughly $110 per square foot, the center has benefited from nearly $1.96 million in recent capital improvements, including a new roof and a $500,000 anchor white-box renovation. Centerville's restrictive zoning and fully built-out landscape create massive structural barriers to entry, driving down regional shopping-center vacancy to just 6.4% and ensuring an exceptional 18.6-year weighted average historical tenant retention at this property.