Shoppes at the Crossing

Marysville, Ohio

Offering Summary

  • Status: closed
  • Price: $3,705,000
  • CAP Rate: 7.95%
  • GLA: 17,909 SF
  • Net Operating Income: $294,496
  • Price/SF: $205.48
  • Year(s) Built: 2005
  • Lot Size (Acres): 1.96 Acres
  • Lease Type: NNN
  • Major Tenants: Buffalo Wild Wings, Rent-A-Center, GameStop, Jersey Mike's Subs, New Nails, T-Mobile, Tobacco Warehouse
  • 100% Occupied, 2007-Built, 17,909 SF Walmart- Shadowed Strip in Columbus MSA • Reasonable/Replaceable $17/SF NNN Average Rent
  • 100% NNN Leases with 100% Reimbursement of Tax/Ins/CAM
  • Shadowed by Walmart Supercenter; Neighbored by Meijer, Home Depot, & Lowe’s
  • 83% of GLA, 5 out of 7 Existing Tenants, are Original from Construction
  • Supportive Higher-Income Demographics: AHHI of $88K
  • Located Adjacent to US-33/US-36 Intersection (70,495 Cars/Day)
  • Daily Needs Retail Including Restaurant, Salon, Rental, Cell Phone, and Convenience Tenants
  • Projected 12.8% Cash-on-Cash Return, and 20% Total Return, with Proposed New Bank Debt
  • Anchored by Buffalo Wild Wings (30% of GLA) in Corner Unit with Outdoor Patio
  • Ease of Management with Only 7 Tenants, all NNN Leases, and Modern 2007 Construction/Facade
  • Other National Tenants Include Rent-A-Center, GameStop, Jersey Mike’s Subs, and T-Mobile
  • Marysville is Home to Multiple Honda Manufacturing Plants In Operation Since the 1980’s and Totaling 7.62 Million SF, $7.27 Billion in Investment, and 7,100 Employees
  • Marysville has a Growing Population Base, Robust Local Economy & High Incomes Thanks to Honda’s Massive Facilities and Other Large Industrial Operations Including Scotts Miracle-Gro (5,000 Employees), Sumitomo Electric, Nestle, Continental Tire, Nissin International Transport, and Parker- Hannifin
  • County Seat to Union County: 3rd Fastest Growing County in Ohio
  • Columbus MSA – Home to a Population of 2.1 Million, Fastest Growing Major MSA in the Midwest with 11.6% Population Growth Since the 2010 Census
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director