The Palomar Group Facilitates $8,030,000 Sale of Kroger Ground Lease in Cincinnati, OH
August 27, 2025 | Palomar Group
The Palomar Group is pleased to announce the successful sale of Monfort Heights, a single-tenant Kroger ground lease located at 3491 North Bend Road in Cincinnati, Ohio. The property traded hands between two publicly traded REITs for a purchase price of $8,030,000.
This transaction highlights the continued strength of the grocery-anchored retail sector, which remains one of the most resilient and sought-after asset classes in commercial real estate.
“The Palomar Group continues to be one of the most successful brokerage firms in the country in executing on the sale of Kroger anchored assets. Grocery anchored asset sales continue to be the most sought after retail assets in the class with a deep and experienced buyer pool,” said Ryan McArdle, Partner at The Palomar Group.
About The Palomar Group
The Palomar Group specializes in investment sales of retail and multifamily assets nationwide. With offices in Augusta, GA, Charleston, SC, and Houston, TX, the firm has executed transactions totaling over 13.5 million square feet and $1.5 billion across 19 states. The team’s proven track record reflects its deep understanding of market dynamics and strong relationships with both institutional and private investors.