Sawmill Road Strip Center

Dublin | OH

Offering Summary

  • Status: active
  • Price: $4,600,000
  • Cap Rate: 7%
  • GLA: 11,397 SF
  • Net Operating Income: $321,716
  • Price/SF: $404
  • Year(s) Built: 2003
  • Lot Size (Acres): 2.2728
  • Major Tenants: Paris Banh, FedEx, America's Best, Milan Laser Hair Removal
  • 11,397 SF Retail Strip Center Located in the High-Income Columbus Suburb of Dublin, Ohio.
  • Landlord-Favorable NNN Lease Structures | Full Reimbursement of Taxes, CAM & Insurance | Tenants Pay Administrative Fees (Up to 15% CAM) | No Management Fee Liability Enhances Yield if Self-Managed
  • Ease of Ownership with Only 4 National/Regional Tenants | Long-Term Stability with WALT of 4.83 Years | Major Increases in Scheduled Base Rent Across Tenants
  • Rent Levels Average $29.39/SF | Well Below Cost of New Construction | Upside from Mark-to-Market Rents at Renewal
  • Prominent Frontage Along Sawmill Road | One of Columbus’ Highest-Traffic Corridors with 35,080+ VPD | Less Than 1 Mile from I-270 (155,375+ VPD) | Irreplaceable Setback & Visibility
  • Meticulously Maintained Masonry Construction with Strong Parking Ratio (10/1,000 SF) | Built in 2002 | No Major Deferred CapEx | 140 Surface Parking Spaces
  • Located in Affluent, High-Density Retail Corridor | 13,632 Residents in 1-Mile | 92,736 in 3-Mile | 226,967 in 5-Mile | Average Household Income Over $122,000
  • Surrounded by Premier National Retailers | Whole Foods, Trader Joe’s, Target, Meijer, Home Depot, Sam’s Club, Burlington, Chick-fil-A, Starbucks, and More
  • Dublin, Ohio – #1 Ranked Suburb in Columbus | Part of the Columbus MSA (Pop. 2.2M+) | One of the Fastest Growing Metros in the U.S.
  • Tenant Lineup Anchored by Credit Tenants | FedEx (NYSE: FDX), America’s Best Contacts, Milan Laser, and Paris Banh MI | Minimal Tenant Turnover Risk
  • Strong NOI Profile | $321,717 Year 1 NOI | Reimbursement Income Covers 92%+ of Operating Expenses | Efficient Operating Model
  • Organic NOI Growth Through Scheduled Rent Increases | NOI CAGR ~2.2% Over Lease Terms
  • Paris Banh MI Recently Signed 10-Year Lease (2023–2033) | Shows Tenant Commitment & Leasing Velocity
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director