Taylor Station

Columbus, Ohio

Offering Summary

  • Status: closed
  • Price: $4,400,000
  • CAP Rate: 7.35%
  • GLA: 13,476 SF
  • Net Operating Income: $323,523
  • Price/SF: $330.96
  • Year(s) Built: 2001
  • Lot Size (Acres): 1.50 Acres
  • Major Tenants: America's Best Contacts & Eyeglasses, IVX Health, Sleep Outfitters, First Watch
  • Fully Occupied, 13,476 Square-Foot All-Brick Strip Center in Columbus, Ohio, the Fastest growing Major MSA in the Midwest
  • Entire Center Leased to National Tenants, All of Which Have NNN Leases Signed by Corporate Entities
  • Offered at a Favorable 9.68% C/C Return with Proposed Financing
  • One Half Mile From Interstate 70 (82,000 Vehicles Per Day) in a Dense Retail Corridor
  • Situated at Signalized Intersection of State Route 256 and Taylor Park Drive across from Walmart and Sam’s Club Anchored Power Center
  • Sleep Outfitters Signed New Lease in 2021 at a 30% Higher Rental Rate than the Previous Tenant
  • First Watch Signed an Early Lease Extension at the Increased Rent Showing Their Success and Commitment to this Site
  • 81% of GLA Leased Into 2026 or Beyond
  • Parking Lot Repaved in 2021 and Reconfigured to Add Additional Parking
  • Located Between Fast Growing Columbus Suburbs of Pickerington and Reynoldsburg; 7.84% Population Growth Since 2010 with Expected 9.5% Population Growth Over Next 5 Years
  • Strong Demographics with 197,717 People Within 5 Miles and AHHI of $82,472
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director