Cincinnati Business Courier, Deal of the Week
One of Schueler Group’s local focuses is Lebanon, OH; the town is an historic staple of Southwest Ohio and the surrounding areas. Existing available retail space for lease or sale, Lebanon’s centuries-long history, as well as the town’s great potential for growth make Lebanon a perfect place to steer companies looking to enter the Cincinnati area market. Our own Rob Blundred, one of our expert commercial real estate brokers at Henkle Schueler & Associates, was the listing agent for this $2.3 million deal with Vance Outdoors, an outdoor recreation and sporting goods retailer based out of Columbus, OH. Because Lebanon sits between Cincinnati and Dayton, it’s the perfect location for Vance Outdoors to test the waters in Southwest Ohio. Vance Outdoors’ new retail space will bring jobs and commerce to Lebanon as well as add to the economic ties between the Greater Cincinnati and Greater Dayton Metropolitan Areas. We are excited to see what’s next for Vance Outdoors and what’s next for Lebanon, OH.
The following information on the deal was originally an article featured in the Cincinnati Business Courier’s Deal of the Week:
Property Name: Lebanon North Plaza
Address: 920 Columbus Ave., Lebanon, OH 45036; Suite #1B
Buyer/Tenant: Vance Outdoors Seller/Landlord: EIG Lebanon North, LLC.
Listing Broker / Firm: Rob Blundred / Henkle Schueler & Associates
Buyer’s Broker / Firm: Andy Mills, CCIM & Cierra Rider / Elford Realty, LLC. (Columbus based)
Date Closed: Deal Signed February 2020
Price: Initial Term Lease Value: $2,301,999.30
Description of property: A 91,040 SF Big Box Retail Shopping Center located in the retail corridor of Lebanon, OH. The balance of the Shopping Center is home to Peddler’s Mall.
Behind the Deal: Vance Outdoors is a Columbus, Ohio based company. This will be Vance Outdoors’ 4th location in the state. Vance’s core business is focused on outdoor recreation, sporting goods & firearms, serving retail customers and law enforcement alike. Vance Outdoors is family owned and operated since 1938 starting with Richard H. Vance and his son. Now the business is managed by the leadership of Todd and Doug Vance.
