South High Street Retail Center
$5,775,000
3463-3489 South High Street, Columbus, OH 43207
8
Cap Rate
462,073
NOI
Details:
Highlights:
- 38,902 Square Foot Shopping Center | Anchored by Planet Fitness and Newly Expanded National Storage | Storage on Separate Parcel and not Part of Offering
- New Lease Executed for End-Cap Vacancy | Occasional Solutions is in the Midst of Tenant Buildout
- Planet Fitness Extended Early for Five Years with Rental Increase | 7 Years Remain | Tenant Requested Longer
- Value-Add Potential Through Outparcel Development and Ancillary Income Services Such as Approved EV Charging
- Straight Shot on High Street to Downtown Columbus | Five Miles and Less than 15 Minutes
- Total Population Within 5 Miles is in Excess of 165,000 People
- Less than One Mile from the On-ramp to Interstate 270 West ("The Outerbelt") | Direct Access to Dense Columbus Suburbs
- 5 Miles from The Shoppes of Grove City and Parkway Centre South Shopping Center
- Anchor Tenant Planet Fitness Boasts over 235,000 Visits per Year | Aaron's Receives Approximately 159.6K Visits Per Year
- Premier Visibility and Frontage | Subject Property Sits Closer to High Street than Any Competing Shopping Center | 26,200+ Average Vehicles per Day
Description:
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Columbus is the capital and most populous city of the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest after Chicago, and the third-most populous U.S. state capital. Columbus is the county seat of Franklin County; it also extends into Delaware and Fairfield counties. It is the core city of the Columbus metropolitan area, which encompasses 10 counties in central Ohio. It had a population of 2,138,926 in 2020, making it the largest metropolitan entirely in Ohio[a] and the 32nd-largest city in the U.S.
Columbus has a generally strong and diverse economy based on education, insurance, banking, fashion, defense, aviation, food, logistics, steel, energy, medical research, health care, hospitality, retail and technology. In 2010, it was one of the 10 best big cities in the country, according to Relocate America, a real estate research firm. According to the Federal Reserve Bank of St Louis, the GDP of Columbus in 2019 was $134 billion.
The city has a diverse economy based on education, government, insurance, banking, defense, aviation, food, clothes, logistics, steel, energy, medical research, health care, hospitality, retail, and technology. The metropolitan area is home to the Battelle Memorial Institute, the world's largest private research and development foundation; Chemical Abstracts Service, the world's largest clearinghouse of chemical information; and the Ohio State University, one of the largest universities in the United States. As of 2022, the Greater Columbus area is home to the headquarters of six corporations in the U.S. Fortune 500: Cardinal Health, American Electric Power, L Brands, Nationwide, Bread Financial, and Huntington Bancshares.
The Ohio State University, commonly called Ohio State or OSU, is a public land-grant research university in Columbus, Ohio. It is classified among "R1: Doctoral Universities – Very high research activity". The university's endowment of $7.0 billion in 2022 is among the largest in the world. As of 2017, Ohio State's football program is valued at $1.5 billion, the highest valuation of any such program in the country. The main campus in Columbus has grown into the third-largest university campus by enrollment in the United States, with nearly 50,000 undergraduate students and nearly 15,000 graduate students.
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