The Klink Group of Marcus & Millichap is pleased to present the opportunity to acquire Harshman Plaza, a 26,000-square foot neighborhood shopping center located in Dayton, Ohio. Built in 1989, The Property sits on 3.45 acres just off the signalized intersection of Harshman Road and Valley Pike which experiences approximately 40,000 vehicles-per-day. Harshman Plaza is currently 63.46% occupied by a unique mix of various local businesses including a Nail Salon, Pool Hall, Vape Shop, Asian Café, a Sports Bar, an Auto Detailing Garage, and very prominent LIVE Poker Club recognized throughout Dayton. All tenants currently in place recently extended their leases from 3-5 years, showing strong commitment to their continued operations at Harshman Plaza. Additionally, all tenants are on a net-lease structure, significantly minimizing an investors exposure to property expenses.
Harshman Plaza is located 10 minutes northeast of downtown Dayton in the City of Riverside, a lively, resident focused city of approximately 25,000 residents located in southwest Ohio in the Dayton metropolitan area. The City of Riverside is home to numerous technology, industrial, research and development, logistics and service based businesses and is conveniently located near Interstates 70 and 75, US 35, State Route 4 and the Wright Patterson Air Force Base.
Harshman Plaza is currently owned and self-managed by a local real estate investor whose primary business focus is operating multiple nail salon locations in the area and expanding his footprint. Harshman Plaza offers a professional investor with a management and leasing team in place or a hands on private real estate investor whose sole focus is operating and self-managing their investments the opportunity to acquire a well-maintained retail center in a good location and significantly increase their return on investment by bringing the property to market occupancy levels with tenants currently in place that all recently renewed their lease terms.
