Absolute NNN Ground Lease With No Landlord Responsibilities
Below Market Ground Rent at $500k Annually, $14.29/SF – Ground Lessor Subleasing 60% Higher to DSW at $820k Annually, $23.43/SF
Located at the Entrance of Polaris Fashion Place – 1.57 Million SF Super-Regional Mall Anchored by Saks Fifth Avenue, Dick’s House of Sport, Macy’s, & Von Maur
DSW Ranks #22 of 418 National Locations and #1 in Ohio by Customer Visits
Top 6% of All DSW Locations Nationally With 289K Annual Visits
4+ Acres with Direct Frontage Along Polaris Parkway – 48,000+ VPD
Opportunity for Mark to Market Rental Appreciation in the Future
Affluent, Educated Trade Area: Avg. Household Income Exceeds $117K in 3 Miles; Over 55% of Residents Hold Bachelor’s Degrees or Higher
Intel & Amazon Economic Tailwinds: Just East in New Albany, Intel’s $28B Chip Plant and Amazon’s Expanding Operations are Adding 13,000+ New Jobs, Accelerating Growth Across Northeast Columbus and Boosting Long-Term Retail Demand in the Polaris Trade Area
Columbus Population Growth Leader: Columbus Posted the Highest YOY Population Growth Among Major U.S. Metros in 2023, Fueled by Affordability and Economic Momentum
Located within the Greater Polaris Centers of Commerce – 2,000 Acres and Over 4M SF of Retail Space, with a Vacancy Rate of 3.6%
Across From 2 Million SF JPMorgan Chase Corporate Center with 10,000+ Employees on Site; Largest Chase Facility in the World