3093 Cleveland Avenue, Columbus, OH

$440,000

Price

6.5%

Cap Rate

$352,000

NOI

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Street
Map
Overview
Cap Rate
6.5%
NOI
$352,000
Building Size
14,820 sqft
Lot Area
1.02 acres
Occupancy
100%
Lease Type
Absolute Net
Year Built
2004
Gross Leaseable Area
14820
Investment Strategy
Core
Lease Expire Year
10/31/2026
Description

Approximately 7 Years Remaining on an Absolute Net Lease | No Landlord Responsibilities With Ten, 5-Year Renewal Options

Highlights
  • Approximately 7 Years Remaining on an Absolute Net Lease | No Landlord Responsibilities With Ten, 5-Year Renewal Options
  • Strong Reported Store Sales | 10% Increase Over Previous Year Sales
  • Situated on a Hard, Signalized Corner Seeing 19,200+ Vehicles Per Day | Two Points of Ingress/Egress
  • Adjacent to Northern Lights Shopping Center, a Major Retail Center in the Area Anchored by Saraga International Marketplace Grocery Store
  • Situated in a Dense Retail Corridor Near Multiple National Tenants Such as CVS Pharmacy, Chase Bank, Family Dollar, Dollar General, Save a Lot, Gamestop, Wendy’s, McDonald’s, Taco Bell, Little Caesars, KFC, Footlocker and More
  • Strong Demographics: 355,300+ Residents Within 5-Miles and Projected to Increase by 2026 | Daytime Population Exceeds 512,600 Within 5-Miles
  • 1.5 Miles from Interstate 71 Seeing 132,400+ Vehicles Per Day and 5.5 Miles From John Glenn Columbus International Airport (5.8 Million Annual Passengers)
Documents
Title
WAG_-_Columbus__OH_-_OM.pdf
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Location
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