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WELLINGTON PROFESSIONAL BUILDING8731-8745 Union Centre Blvd • West Chester, OH 45069
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OFFER
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CONFIDENTIALITY AND DISCLAIMER
Marcus & Millichap hereby advises all prospective
purchasers ofNet Leased property as follows:
The information contained in this Marketing Brochure has
been obtained from sources we believe to be reliable.
However, Marcus & Millichap has not and will not verify
any of this information, nor has Marcus & Millichap
conducted any investigation regarding these matters.
Marcus & Millichap makes no guarantee, warranty or
representation whatsoever about the accuracy or
completeness of any informationprovided.
As the Buyer of a net leased property, it is the Buyer’s
responsibility to independently confirm the accuracy and
completeness of all material information before
completing any purchase. This Marketing Brochure is not
a substitute for your thorough due diligence investigation
of this investment opportunity. Marcus & Millichap
expressly denies any obligation to conduct a due diligence
examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used
in this Marketing Brochure are for example only and do
not represent the current or future performance of this
property. The value of a net leased property to you
depends on factors that should be evaluated by you and
your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction
advisors should conduct a careful, independent
investigation of any net leased property to determine to
your satisfaction with the suitability of the property for
your needs.
Like all real estate investments, this investment carries
significant risks. Buyer and Buyer’s legal and financial
advisors must request and carefully review all legal and
financial documents related to the property and tenant.
While the tenant’s past performance at this or other
locations is an important consideration, it is not a
guarantee of future success.Similarly, the lease rate for
some properties, including newly-constructed facilities or
newly-acquired locations, may be set based on a tenant’s
projected sales with little or no record of actual
performance, or comparable rents for the area. Returns
are not guaranteed; the tenant and any guarantors may
fail to pay the lease rent or property taxes, or may fail to
comply with other material terms of the lease; cash flow
may be interrupted in part or in whole due to market,
economic, environmental or other conditions. Regardless
of tenant history and lease guarantees, Buyer is
responsible for conducting his/her own investigation of all
matters affecting the intrinsic value of the property and
the value of any long-term lease, including the likelihood
of locating a replacement tenant if the current tenant
should default or abandon the property, and the lease
terms that Buyer may be able to negotiate with a
potential replacement tenant considering the location of
the property, and Buyer’s legal ability to make alternate
useof theproperty.
By accepting this Marketing Brochure you agree to release
Marcus & Millichap Real Estate Investment Services and
hold it harmless from any kind of claim, cost, expense, or
liability arising out of your investigation and/or purchase
of this netleased property.
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing
Brochure is proprietary and strictly confidential. It is
intended to be reviewed only by the party receiving it
from Marcus & Millichap and should not be made available
to any other person or entity without the written consent
of Marcus & Millichap. This Marketing Brochure has been
prepared to provide summary, unverified information to
prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information
contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made
any investigation, and makes no warranty or
representation, with respect to the income or expensesfor
the subject property, the future projected financial
performance of the property, the size and square footage
of the property and improvements, the presence or
absence of contaminating substances, PCB’s or asbestos,
the compliance with State and Federal regulations, the
physical condition of the improvements thereon, or the
financial condition or business prospects of any tenant, or
any tenant’s plans or intentions to continue its occupancy
of the subject property. The information contained in this
Marketing Brochure has been obtained from sources we
believe to be reliable; however, Marcus & Millichap has
not verified, and will not verify, any of the information
contained herein, nor has Marcus & Millichap conducted
any investigation regarding these matters and makes no
warranty or representation whatsoever regarding the
accuracy or completeness of the information provided. All
potential buyers must take appropriate measures to verify
all of the information set forth herein.
NON-ENDORSEMENTNOTICE
Marcus & Millichap Real Estate Investment Services, Inc.
(“M&M”) is not affiliated with, sponsored by, or endorsed
by any commercial tenant or lessee identified in this
marketing package. The presence of any corporation’s
logo or name is not intended to indicate or imply
affiliation with, or sponsorship or endorsement by, said
corporation of M&M, its affiliates or subsidiaries, or any
agent, product, service, or commercial listing of M&M,
and is solely included for the purpose of providing tenant
lessee information about this listing to prospective
customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT
ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP
AGENTFORMORE DETAILS.
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Geographic DetailsRegionalLocalSite Plan
Property PhotosSignage PhotosBuilding Photos
Tenant OverviewWellington OrthopaedicsManpowerGroupMovement Mortgage
Investment OverviewInvestment SummaryLocation SummaryInvestment Highlights
Financial AnalysisRent RollMarket CompsProperty DescriptionFinancial Details
Market OverviewCincinnati MSADemographics
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High School
2,332 Students
Ohio Eagle
Distributing
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1.5 MILES TO
INTERSTATE-75
120,000+ VPD
LOCAL STATISTICS
❖ West Chester Trade Center, $75M Industrial/Office
Park Development, 1.8M SF to create 1,000 New Jobs
❖ RETAIL: 18.1M SF | 5-MILE RADIUS
❖ OFFICE: 9.8M SF | 5-MILE RADIUS
❖ INDUSTRIAL: 69.5M SF | 5-MILE RADIUS
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WEST CHESTER TRADE CENTER
$75M DEVELOPMENT
1.8M SF, 100+ ACRES
1,000 NEW JOBS
EXPECTED TO OPEN 2019
Walgreens District Office
FUTURE OFFICE DEVELOPMENT
PURCHASED BY
KEMA CREDIT UNION
PLANNING AN EXPANSION
ON 6.89 ACRES
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Parking Summary
Van Accessible: 6 Spaces
Parking: 122 Spaces
Total: 128 Spaces
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Founded in 1968 by Robert S. Heidt, Sr., MD and Dale E. Fox, MD, Wellington Orthopaedic andSports Medicine has become one of the regions largest and most highly respected centers formusculoskeletal treatment, research, and education. The physicians currently in the practiceinclude experts in general and subspecialty areas of Orthopaedic Surgery, Physical Medicine andRehabilitation, Podiatry, and Sports Medicine. The physicians work closely with physicaltherapists, hand therapists, and other clinical specialists in areas such as bracing and orthotics.
The original office at 111 Wellington Place in Mt. Auburn has been replaced by six offices inHamilton, Clermont, Butler and Brown Counties. The present office locations were chosen anddesigned to best serve patient’s needs and access to the highest quality care.
General Information
Tenant Name Wellington Orthopaedics & Sports Medicine
Website www.wellingtonortho.com
Headquartered Cincinnati, OH
Rentable Square Feet 10,803 SF
Lease Commencement 09/29/04
Lease Expiration 08/31/28
No. of Locations 6
Mercy Health Formalizes Partnership with Wellington Orthopaedic & Sports Medicine
“Providing top-notch orthopaedic care has long been a Mercy Health hallmark. We have a long history of working together with Wellington, particularly on the EastSide of Cincinnati. We appreciate our shared values and patient-centered approach to care,” said Yousuf Ahmad, prior Mercy Health Market President and CEO.
“Together with Wellington, Mercy Health and nizagara-online.net will make healthcare easier by ensuring our patients have access to orthopaedic and sportsmedicine experts in convenient locations close to home or work, throughout our entire network of care,” said Dan Roth, MD, former President of Mercy HealthPhysicians.
“Mercy Health and Wellington Orthopaedic & Sports Medicine fit well together since both organizations take an individualized approach to caring for the people ofCincinnati,” said Dr. Robert Rhoad, MD, Board President for Wellington. “In addition to caring for patients in our offices, we are both advocates forstrong community involvement and work together with our local schools, athletic teams and other organizations to help Cincinnati get well and be well.”
To find out more about Mercy Health’s orthopaedic and spine services, please visit http://e-mercy.com/orthopaedics.aspx. To learn more about WellingtonOrthopaedic & Sports Medicine, visit http://www.wellingtonortho.com.
Strong affiliations and leadership positions by Wellington’s physicians have been maintained with the areas best hospitals from the very beginning. Present and prioraffiliations include The University of Cincinnati College of Medicine, Miami University, The Cincinnati Bengals, The Cincinnati Ballet, and The Western-Southern ATP/WTATennis Championship. Special interest areas of expertise with United States National/Olympic Teams in Swimming, Rowing, and Ice Skating; as well as many area recreational,high school, college and club sport teams and individuals.
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ManpowerGroup® (NYSE: MAN), the leading global workforcesolutions company, helps organizations transform in a fastchanging world of work by sourcing, assessing, developing andmanaging the talent that enables them to win. We developinnovative solutions for hundreds of thousands of organizationsevery year, providing them with skilled talent while findingmeaningful, sustainable employment for millions of peopleacross a wide range of industries and skills. Our expert family ofbrands – Manpower®, Experis®, Right Management® andManpowerGroup® Solutions – creates substantially more valuefor candidates and clients across 80 countries and territories andhas done for 70 years. In 2018, ManpowerGroup was named oneof the World’s Most Ethical Companies for the ninth year and oneof Fortune’s Most Admired Companies for the sixteenth year,confirming our position as the most trusted and admired brand inthe industry. See how ManpowerGroup is powering the future ofwork:
General Information
Tenant Name Movement Mortgage
Website www.movement.com
Headquartered Fort Mill, SC
Rentable Square Feet 3,524 SF
Lease Commencement 05/02/17
Lease Expiration 05/31/20
No. of Employees 4,000+
No. of Locations 650+
2016 Revenue $579.9 Million
Movement has grown from a small team of 4 to over 4,000employees with more than 650 locations across 47 states. Inc.Magazine recognized Movement Mortgage as the fastest-growingmortgage bank in the country. Their vision is to serve 1 out ofevery 10 homebuyers in the country by 2025 and over 75 percentof our loans are processed in just 7 business days. They arepassionate about every member of their team thriving personallyand professionally. Close to 70 percent of their team contribute tothe Love Works fund. The fund acts as a source of financialsupport for employees and their families in times of crisis. Theyhave also reinvested over $25.8 million in our communitiesthrough the Movement Foundation.
General Information
Tenant Name ManpowerGroup Solutions
Website www.manpowergroup.com
Headquartered Milwaukee, WI
Rentable Square Feet 3,524 SF
Lease Commencement 10/03/06
Lease Expiration 12/31/20
No. of Employees 29,000+ Worldwide
No. of Locations 2,700+ Offices Worldwide
2016 Revenue $21 Billion
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INVESTMENT SUMMARYMarcus & Millichap is pleased to present the Wellington (Mercy Health) Professional Building located at 8731-8745 Union Centre boulevard,West Chester, Ohio. The Offering consists of a 20,231-square foot, multi-tenant medical office building situated on approximately 2.5 acres inWest Chester Township, a densely populated suburb of Cincinnati, Ohio. The subject property benefits from an exceptional location in a vibrant,high growth, affluent suburban market. Mercy Health operates with Wellington Orthopaedic & Sports Medicine, and serves as the anchortenant. Mercy Health is one of the top five Catholic health systems in the U.S. and has committed to a new ten-year extension, with annual rentincreases. The property is also poised for a value-add opportunity, allowing a core investor to potentially add more than $50,000 in annualincome from securing tenancy for the remaining 3,524-square foot vacant space.
LOCATION OVERVIEWWest Chester Township is one of the thirteen townships of Butler County, Ohio, located in thesoutheastern corner of the county. It is situated between Sharonville and Liberty Township,about 18 miles north of Cincinnati, and is included in the Cincinnati Metropolitan Area. Exits19, 21 and 22 off Interstate-75 serve West Chester. It is the most populous township in Ohio,with an estimated population at the 2016 census of more than 61,000. The township is partof the Butler county submarket in the Cincinnati metropolitan statistical area (MSA), spanningfifteen counties and ranked 28th largest in population. Cincinnati MSA benefits from beinghome to many Fortune 500 corporate headquarters, such as, Kroger, Procter & Gamble,Macy’s, AK Steel, Fifth Third Bank, American Financial, Cincinnati Financial, and Vantiv.According to a research study carried out by the University of Cincinnati, Cincinnati MSA wasfound to have more Fortune 500 companies per capita than New York, LA or Chicago.Dubbing the Queen City as the king of the Midwest for Fortune 500 companies.
The stature and growth of West Chester Ohio's business sector significantly increased withthe completion of the Union Centre Boulevard/I-75 Interchange in December 1997, the firstnew interchange in Southwestern Ohio in more than 20 years. The creation of the UnionCentre Boulevard Interchange was the catalyst for West Chester Ohio becoming a primelocation for business growth in the Greater Cincinnati area. West Chester Ohio has realizedmore than $3.54 billion in new investment, more than 34 million square feet in newconstruction, and nearly 40,000 new jobs.
West Chester Township has demonstrated sustainability, a place of strong family-orientedresidential subdivisions and a favored location for businesses to locate and prosper. Morethan 3,500 companies choose to be a part of West Chester’s diverse local economy. Morethan seventy percent of the businesses are in the category of Professional Servicesaccounting for nearly a hundred percent occupancy of Class A and medical office space. WestChester’s targeted industry sectors fuel a sustainable business model for community andallow for continued investment in amenities that matter most to business.
# Employer FTEs % of Total
1 GE Aviation 2,500 4.4%
2 Lakota School District 1,827 3.2%
3 Trade Global 1,200 2.1%
4 West Chester Hospital 1,045 1.8%
5 Cornerstone Group 896 1.5%
6 AdvancedPierre 870 1.5%
7 Procter & Gamble 558 1.0%
8 Totes Isotoner 450 0.8%
9 AstraZeneca 410 0.7%
10 IKEA 400 0.7%
Ten Largest Employers Ranked by Number of Full-Time Employees
2018 West Chester Projects
APTech Group5090 Rialto Road
-Relocate headquarters to West Chester andconstruct a new 30,000 SF building
Magnum Piering, Inc.156 Circle Freeway
-Relocate headquarters to a 89,731 SF facility in WestChester
Aloft Hotel9183 Centre Pointe Drive
-Began Construction on a 68,224 SF new stylish boutique hotel
PRC Industries10095 International Blvd
-Opened a 78,378 SF Midwest operations center
Anest Iwata9525 Glades Drive
-Purchased a 49,550 SF building to house its AirEngineering Division.
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INVESTMENT HIGHLIGHTS
Anchor Tenant Commitment to Site: Mercy Health occupying more
than 50% of the building share, recently executed a 10-year lease extensionwith 2% annual rent increases.
West Chester Township Premier Business Location: The
completion of the Union Centre Boulevard/ I-75 Interchange in 1997contributed to over $3.54 billion in new investment, 34 Million square feet innew construction, and nearly 40,000 new jobs. The creation of the UnionCentre Boulevard Interchange was the catalyst for West Chester Ohio becominga prime location for business growth in the Greater Cincinnati area.
Long Term Appreciation: Investment properties in the area are poised
for long term appreciation as construction costs continue to rise and the supplyof developable land becomes exhausted.
Affluent Surrounding Population: Average household incomes
exceed $110,000 within a three-mile radius. Population within a five-mileradius is more than 134,000, and the number of employees exceeds 176,000.
Zero earnings tax: Ohio Townships are prohibited from imposing general
income or earnings taxes. Residents and businesses within West ChesterTownship pay no local income taxes unless they’re located within the JoinEconomic Development District.
Accessibility: Conveniently situated on Union Centre Boulevard within
proximity to Interstate 75 | Easy highway access for visitors and tenants.
Value-Add Opportunity: The property is poised for a value-add
opportunity, allowing a core investor to potentially add more than $50,000 inannual income from securing tenancy for the remaining 3,524 square-footvacant space at market rents.
Off-Site Amenities: Benefits from proximity to many off-site amenities,
including retail, service, dining, and hotels.
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RENT SCHEDULE
Tenant Name Suite%
BldgShare
%Bldg
Share
Lease DatesComm.
Exp.
AnnualRent per
Sq. Ft.
Total RentPer Month
Total RentPer Year
Pro FormaRent
Per Year
Changeson
Rent IncreaseLease Type
Renewal Options
Wellington
Orthopaedic8737 10,803 SF 53.4% 9/29/04 8/31/28 $17.72 $15,961 $191,537 $195,318 Sep-2019 2% Annual NNN One, Five-Year Option
ManpowerGroup 8743 2,380 SF 11.8% 10/3/06 12/31/20 $12.00 $2,380 $28,560 $28,560 N/A - NNN
Movement Mortgage 8745 3,524 SF 17.4% 5/2/17 5/31/20 $13.95 $4,097 $49,159 $49,159 - During Options NNN Two, Three-Year Options
Vacant 8731 3,524 SF 17.4% $0.00 $0 $0 $0 - -
Total 20,231 SF $16.12 $22,438 $269,256 $273,037
Occupied GLA: 82.60% Unoccupied GLA: 17.40%
MARKET COMPARABLES
SUBMARKET TOTAL BLDG INVENTORY DIRECT VACANTDIRECT
VACANCY RATE
NET ABSORPTION
YTD NET ABSORPTION
AVERAGE ASKING RENT
(ALL CLASSES)
AVERAGE ASKING RENT
(CLASS A)
CBD 53 12,626,976 2,068,157 16.4% 60,934 -14,249 $18.65 $22.88
Blue Ash 54 4,285,879 828,035 19.3% -23,741 -154,034 $17.84 $21.85
Kenwood 13 1,320,159 151,908 11.5% 11,005 40,583 $25.24 $28.09
Mason 26 2,428,305 307,728 12.7% 18,056 28,392 $18.50 $20.61
Midtown 45 3,544,391 753,543 21.3% 29,979 29,625 $18.37 $24.12
NKY 45 3,499,009 1,066,824 30.5% -2,212 -6,622 $18.98 $20.21
Tri-County 31 2,781,151 683,707 24.6% 21,547 -12,038 $14.49 $18.90
West Chester 14 1,504,065 284,423 18.9% 9,872 -136,122 $17.75 $18.76
East 26 1,124,218 234,625 20.9% -21,953 -11,124 $15.42 $20.28
West 7 884,558 134,041 15.2% 19,087 8,737 $13.82 N/A
Class A 142 20,300,747 3,368,642 16.6% 66,257 -250,332 $22.09
Class B 172 13,697,964 3,144,349 23.0% 56,317 23,480 $15.39
TOTAL 314 33,998,771 6,512,991 19.2% 122,574 -226,852 $17.91 $21.74
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Income Current PSF Pro Forma PSF
Base Rental Income $269,256 $13.31 $273,037 $13.50
Reimbursement Income
CAM $32,674 $1.62 $32,674 $1.62
Insurance $2,883 $0.14 $2,883 $0.14
Real estate Taxes $46,746 $2.31 $68,754 $3.40
Management Fees $8,762 $0.43 $8,763 $0.43
Total Reimbursement Income $91,065 $4.50 $113,074 $5.59
Effective Gross Revenue $360,321 $17.81 $386,111 $19.09
Operating Expenses Current PSF Pro Forma PSF
General and Administrative $6,487 $0.32 $6,487 $0.32
Repairs & Maintenance $10,265 $0.51 $10,265 $0.51
Utilities $5,266 $0.26 $5,266 $0.26
Snow, Trash, Landscaping $17,548 $0.87 $17,548 $0.87
Vacant Utilities $3,500 $0.17 $3,500 $0.17
Capital Reserve $5,000 $0.25 - -
Insurance $3,491 $0.17 $3,491 $0.17
Real Estate Taxes $56,607 $2.80 $83,257 $4.12
Management $10,608 $0.52 $10,608 $0.52
Total Expenses $118,772 $5.87 $140,422 $6.94
Expenses as % of EGR 33.0% 36.4%
Net Operating Income $241,550 $11.94 $245,690 $12.14
Debt Service ($130,077) ($130,077)
Cash Flow After Debt Service $111,473 $115,612
Principal Reduction $27,679 $29,168
Total Return $139,152 $6.88 $144,780 $7.16
Summary
Price $3,020,000
Returns Current Pro Forma
Cap Rate 8.00% 8.14%
Cash-on-Cash 10.55% 10.94%
Debt Coverage Ratio 1.86 1.89
FINANCIAL DETAILS
*Pro Forma includes Year 2 rental increases and reassessed real estate taxes at the listing price.
Building Name: Wellington Professional Building
Address: 8731-8745 Union Centre Blvd West Chester, OH 45069
Parcel ID #: M5620-470.000-009
Year Built: 2004
Lot Size: 2.50 Acres
Building SF: 20,231 SF
Number of Stories:
One
Parking Spaces: 128
Occupancy: 82.58%
Price Per SqFt $149.27
*Financing 1st Loan
Loan Amount (65%) $1,963,000
Loan Type New
Interest Rate 5.25%
Amortization 30 Years
Year Due 2028
*One percent (1%) Origination fee.
*Loan Information is subject to change.
*Contact your Marcus & Millichap Capital Corporation Representative.
MARKET OVERVIEW
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CINCINNATIOVERVIEW
The Cincinnati metro is a 15-county region located within portions of Ohio, Kentucky
and Indiana that maintains a population of nearly 2.2 million. The Ohio counties are
Hamilton, Brown, Warren, Butler and Clermont. The counties in Indiana are Dearborn,
Ohio and Franklin, while the Kentucky counties are Campbell, Grant, Boone, Gallatin,
Pendleton, Bracken and Kenton. Eight Fortune 500 companies are located in the
metro and provide thousands of jobs: Kroger, Cincinnati Financial, Procter & Gamble,
Macy’s, Fifth Third Bancorp, AK Steel Holding, American Financial Group and Western
& Southern Financial Group. Revitalization and the addition of bars, restaurants and
services in downtown and the Over-the-Rhine neighborhood are drawing millennials
into the urban core.
METRO HIGHLIGHTS
DIVERSIFYING ECONOMY
Growth in service-oriented industries has lessened the
metro’s dependence on the manufacturing and
transportation sectors.
ATTRACTIVE BUSINESS ENVIRONMENT
Companies are drawn to the region’s low cost of doing
business, while employees enjoy a relatively affordable
place to live.
CENTRAL DISTRIBUTION POINT
Half of the U.S. population and 30 major markets are
within a one-day drive.
ECONOMY
▪ An excellent transportation system; lower property, corporate and state taxes;and state tax credit initiatives are major incentives that draw companies.
▪ The area’s traditional employment bases in aerospace, automotive, chemistryand financial services will continue to contribute to the metro’s economiclandscape.
▪ New employment sectors also position the metro for growth, includingconsumer products and creative services, information technology, and lifesciences.
▪ Local research is being conducted in biomass, fuel cell, solar, and wind energy.
MAJOR AREA EMPLOYERS REVENUE
Kroger Co. $122.7 B
University of Cincinnati $137.3 B
GE Aviation $122.1 B
Procter & Gamble $65.1 B
Walmart $500.3 B
AK Steel $6.1 B
Fifth Third Bank $4.4 B
Mercy Health $4.7 B
Cincinnati Children’s Hospital Medical Ctr. $2.3 B
UC Health $1.5 M
TriHealth Inc. $3.2 M
SHARE OF 2017 TOTAL EMPLOYMENT
MANUFACTURING
11%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+OTHER SERVICES
4%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
20%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
1%INFORMATION
16%
4%
12% 11% 7%
15%
MARKET OVERVIEW
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DEMOGRAPHICS
▪ The metro is expected to add nearly 79,400 people and approximately 37,800
households through 2022.
▪ Household incomes near the national median have afforded 66 percent of
households to own their homes.
▪ Roughly 29 percent of residents age 25 and older have earned a bachelor’s
degree; of these residents, 9 percent also hold a graduate or professional degree.
Cincinnati offers a wide range of cultural and entertainment activities. The Cincinnati
Symphony Orchestra is one of the country’s finest orchestras. Riverbend concert arena
on the banks of the Ohio River provides summer entertainment, while more than 100
museums and galleries are located in the metro. The region has several entertainment
corridors including Mount Adams and the expanding Main Street district. For the sports
enthusiast, Cincinnati offers professional baseball, football, hockey, soccer, tennis,
volleyball, car racing and horse racing. A number of universities have main campuses in
the area, the University of Cincinnati, Xavier University and Northern Kentucky
University. Miami University is located in nearby Oxford.
QUALITY OF LIFE
2017 Population by Age
0-4 YEARS
6%5-19 YEARS
20%20-24 YEARS
7%25-44 YEARS
26%45-64 YEARS
27%65+ YEARS
14%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S.
Census Bureau
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
37.8
2017MEDIAN AGE:
U.S. Median:
37.8
$58,800
2017 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$56,300
2.2M
2017POPULATION:
Growth2017-2022*:
3.7%
847K
2017HOUSEHOLDS:
4.5%
Growth2017-2022*:
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POPULATION 3 Miles 5 Miles 7 Miles
▪ 2022 Projection
Total Population 49,742 141,170 297,831
▪ 2017 Estimate
Total Population 46,723 134,137 279,998
▪ 2010 Census
Total Population 44,926 129,946 270,700
▪ 2000 Census
Total Population 38,494 111,600 233,944
▪ Current Daytime Population
2017 Estimate 55,315 176,282 334,798
HOUSEHOLDS 3 Miles 5 Miles 7 Miles
▪ 2022 Projection
Total Households 17,817 53,186 112,096
▪ 2017 Estimate
Total Households 16,543 50,040 104,633
Average (Mean) Household Size 2.81 2.65 2.65
▪ 2010 Census
Total Households 15,882 48,478 101,219
▪ 2000 Census
Total Households 13,598 41,462 87,335
HOUSEHOLDS BY INCOME 3 Miles 5 Miles 7 Miles
▪ 2017 Estimate
Average Household Income $110,911 $98,220 $95,448
Median Household Income $83,974 $75,712 $72,302
Per Capita Income $39,281 $36,735 $35,769
POPULATION PROFILE 3 Miles 5 Miles 7 Miles
▪ Population By Age
2017 Estimate Total Population 46,723 134,137 279,998
Under 20 30.42% 28.22% 28.41%
20 to 34 Years 17.66% 17.94% 17.65%
35 to 39 Years 6.53% 6.28% 6.38%
40 to 49 Years 14.19% 13.81% 13.97%
50 to 64 Years 20.49% 20.70% 20.38%
Age 65+ 10.71% 13.05% 13.21%
Median Age 36.48 38.09 38.12
▪ Population 25+ by Education Level
2017 Estimate Population Age 25+ 29,823 88,326 184,387
Elementary (0-8) 1.73% 2.07% 1.87%
Some High School (9-11) 3.74% 4.58% 5.40%
High School Graduate (12) 19.93% 23.54% 25.54%
Some College (13-15) 19.76% 20.07% 19.60%
Associate Degree Only 6.97% 7.76% 7.88%
Bachelors Degree Only 28.85% 26.08% 24.66%
Graduate Degree 18.26% 14.90% 14.24%
▪ Population By Age
2017 Estimate Total Population 46,723 134,137 279,998
Population
In 2017 the population in your selected geography is 279,998. The
population has changed by 19.69% since 2000. It is estimated that the
population in your area will be 297,831 five years from now, which
represents a change of 6.37% from the current year. The current
population is 48.64% male and 51.36% female. The median age of the
population in your area is 38.12, compare this to the US average
which is 37.83. The population density in your area is 1,816.47 people
per square mile.
Households
There are currently 104,633 households in your selected geography.
The number of households has changed by 19.81% since 2000. It is
estimated that the number of households in your area will be 112,096
five years from now, which represents a change of 7.13% from the
current year. The average household size in your area is 2.65
persons.
Income
In 2017, the median household income for your selected geography is
$72,302, compare this to the US average which is currently $56,286.
The median household income for your area has changed by 26.26%
since 2000. It is estimated that the median household income in your
area will be $85,869 five years from now, which represents a change
of 18.76% from the current year.
The current year per capita income in your area is $35,769, compare
this to the US average, which is $30,982. The current year average
household income in your area is $95,448, compare this to the US
average which is $81,217.
Employment
In 2017, there are 334,798 employees in your selected area, this is
also known as the daytime population. The 2000 Census revealed that
69.90% of employees are employed in white-collar occupations in this
geography, and 30.08% are employed in blue-collar occupations. In
2017, unemployment in this area is 4.18%. In 2000, the average time
traveled to work was 25.00 minutes.
SUMMARY7-Mile Radius
19
Darpan Patel
Senior Associate - Associate Director
Healthcare Real Estate Group
Net Leased Properties Group
Tel: (513) 878-7723
Fax: (513) 878-7710
License: OH SAL 2012000748
Sal Ramundo
Associate – Office/Industrial
Cincinnati Office
Tel: (513) 878-7736
Fax: (513) 878-7710
Licenses: KY 239856
Joel Dumes
Senior Vice President Investments
Senior Director – National Retail Group
Cincinnati Office
Tel: (513) 878-7720
Fax: (513) 878-7710
Licenses: OH SAL.2003013045, KY 63818
P R E S E N T E D B Y :
Stan Falk
First Vice President Investments
Senior Director - National Retail Group
Cincinnati Office
Tel: (513) 878-7721
Fax: (513) 878-7710
License: OH SAL.2012001364
