Major Tenants: DSW, Ulta Beauty, Five Below, Jay's Crab Boil & Oyster Bar, Buff City Soap, Aspen Dental, Starbucks
92% Occupied, Class “A” Retail Development in High Growth Columbus MSA
New 10 Year Lease with DSW – Backfill to Party City at $4/SF Higher Rent
67,865 VPD – Irreplaceable Location at Prominent Intersection of Route 256 and Tussing Rd/Blacklick-Eastern Rd NW with Massive Traffic Counts
Just 1/4-Mile South of I-70 Exit Ramps – I-70 Sees 100,070 VPD
Multiple Points of Ingress/Egress and Prominent Monument Signage Providing Ample Visibility and Accessibility
Anchored by DSW, ULTA, Five Below who Collectively Comprise 65% of GLA
Five Below is in the Top 7% Nationally & Best of 70 Stores in Ohio (Source: Placer.ai)
Nearly All-National Tenant Base –89% of GLA (7 of 8 Tenants) is Leased to National Retail, Restaurant, and Medical Chains
Weighted Average Lease Term Remaining of 4.75 Years – 2 of the 3 Largest Tenants Have Approx. 5-10 Years Remaining
Columbus, Ohio is the Fastest Growing Major MSA in the Midwest – 12.5% Population Growth (+237,000 New Residents) Since the 2010 Census
Starbucks Located on Prominent Endcap Unit with Drive-Thru and Outdoor Patio
Strong Underlying Financial Fundamentals that Mitigate Risk& Create Long-Term Upside Potential-Two Tenants Have Substantially Below Market Rents
Weight Watchers & The Joint ($12/SF Below-Market)
All Leases are NNN – 94% Reimbursement of Landlord Operating Expenses Creating True Inflation Hedge
Upside Leasing 3,984 SF Vacancy Adds $171K in Rent ($35/SF) & NNNs
Modern/High-Image 2014-Built “Class A” Retail Center – 3 Buildings with Attractive 4-Sided Masonry & EIFS Facades
Located in the Middle of Prominent Route 256 Corridor – 3-Mile-Long Retail Corridor Straddling North & South Sides of I-70 Exit Ramps
Walmart, Sam’s Club, Target, Kohl’s, Giant Eagle, Kroger, Best Buy, Marshalls, etc.
Affluent, Dense Infill Demographics with 10,400 Residents within 1 Mile and 87,800 Residents within 3 Miles; One-Mile AHHI of $100K
Columbus MSA – State Capital Home to a Population of Over 2.1 Million with Major Employers Including The Ohio State University, OhioHealth, JPMorgan Chase, Nationwide, Huntington Bank, Honda, L brands, AEP, Battelle, Abbott Nutrition, and More