Columbus Strip Center Portfolio

Columbus | Ohio

Columbus Strip Center Portfolio

Columbus OH MSA

Offering Summary

  • Status: just listed
  • Price: $22,557,000
  • Cap Rate: 8.05%
  • GLA: 214,363 SF
  • Net Operating Income: $1,828,614
  • Price/SF: $105/SF

Call for Offers: July 10th

  • 7-Property Columbus Shopping Strip Portfolio | Average Center Size = 30,623 SF, 99% Portfolio Occupancy
  • Drastically Below-Market Rents ($9.87/SF NNN Portfolio Average in $15 – $20/SF NNN Markets)
  • Small-Bay, Easy to Lease Strip Center Composition (53 of 64 Tenants <5,000 SF; 2,059 SF Small-Shop Unit Avg.)
  • Densely-Populated, Middle-Income Locations (Avg. 1-Mi Population = 16,237; Avg. 1-Mi AHHI = $65,439)
  • High-Traffic, Highway Proximate Locations (Avg. Property Traffic Count = 34,117 VPD)
  • Strong Visibility/Access/Parking Fundamentals Support High Demand (64 of 65 Units Leased/Occupied)
  • Predominantly Net-Leases Throughout (60 of 64 Units on Net Leases, 82% Portfolio Expense Recapture Rate)
  • Manageable/Market Property Expense Levels ($5.61/SF Average Property Expense/SF)
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director