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9427706
9700474

135 Deo Dr, Newark, OH 43055 For Lease

$20/SF/YR
2727 days on market
Updated 17 days ago

Mt. Veron Crossing

Building Details
Property Type Restaurant, Retail (+1)
Sub Type Medical Office, Executive Office (+1)
Tenancy Multiple
Lease Type NNN
Class A
Total Building SqFt 24,392
Min Divisible SqFt 1,200
Max Contiguous SqFt 114,392
Vacant SqFt 6,400
Ceiling Height 16 FT
Total Parking Spaces 802
Year Built 2007

Spaces

Restaurant | 3 spaces available | 1,000 SqFt - 114,392 SqFt

Building description

Contact Phone Number: 470-880-9100

Contact Email: [email protected]

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HIGHLIGHTS

Explosive population growth around the subject property & in Licking County in general in the next 10 years due to:

—- INTEL is only 20 miles away - This project is transformative to Ohio’s economy, bringing thousands of high-paying jobs along with millions invested in education and talent development. Intel’s presence in Ohio has already become a magnet for suppliers and other technology companies, further solidifying the region as the Silicon Heartland in Licking County

—- Construction has begun for INTEL’s $28 billion computer chip manufacturing facility, creating tens of thousands of indirect and support jobs like contractors, suppliers and consultants in addition to employee and construction jobs

—- INTEL spans a 1000 acre mega-site (of Jersey Township land annexed into New Albany, just south of Johnstown) beginning with two new leading-edge INTEL processor chip factories in Licking County. The mega-site can accommodate a total of eight chip factories as well as supporting operations and ecosystem partners

—- When it is built out, it will be the largest INTEL chip fabrication plant in the world

—- INTEL production is coming online in 2030

—- AMAZON purchased 392 acres - AMAZON WEB SERVICES (AWS) to spend $7.8 billion to expand data operations in Licking County

—- COLOGIX purchased 154 acres - COLOGIX is investing $7 billion in eight data centers covering 2 million square feet of space in Licking County

—- FACEBOOK META purchased 345 acres - FACEBOOK META is investing $1.5 billion to- expand their operations in Licking County

—- GOOGLE purchased 447 acres - GOOGLE is investing $1.7 billion to expand their operations in Licking County on top of $2 billion the tech giant has already spent on those facilities

—- MICROSOFT purchased 219 acres - MICROSOFT is developing a five building 250,000 SF per building data center complex in Heath, OH located west of Thornwood Drive SW and south of Hallie Lane. The site on Thornwood Drive SW was acquired for $32 million as part of a larger 700+ acre acquisition in Licking County.

—- VANTAGE DATA CENTERS purchased 70 acres - VANTAGE is investing $2 billion in a new data center campus in New Albany

—- Pharmaceutical AMGEN is investing $500 million in Licking County

—- 2025 population of Licking County is 186,256

—- It's estimated the population of the Columbus area will grow by 1,000,000 people in the next 15 years, many coming to fill jobs offered by major companies such as INTEL, GOOGLE, AMAZON, FACEBOOK, MICROSOFT, etc

—- A lot of people are relocating to the area around the subject property due to its high quality of life, low cost of living and booming job market

—- Just under 40 minutes from Columbus, OH

Columbus, OH is BOOMING with development and economic transformation. It has the most population growth out of any metropolitan in the US and is among the fastest growing US cities in the country:

https://614now.com/2024/culture/columbus-has-the-most-population-growth-out-of-any-metropolitan-in-u-s-heres-why\

Feb 7, 2024 - According to Bloomberg and analysis by The Bank of America, Columbus, Ohio had the highest growing population out of any “big” city in America in 2023, with a 1.1%+ population gain.
Studies that show Columbus is gaining appeal to those who used to live in large, coastal cities – PolicyGenius ranked Columbus as the third best city for climate migration, and a recent Global Groundwork Index release compiled by Site Selection Magazine ranked Columbus, Ohio, as the #2 city in all of America for commerce, and Ohio in general as the #1 state for commerce.
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Local demographics in 5 mile Trade Area | Columbus MSA

—- $99,695 Average Household Income - Well Above the National Average

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AFFLUENT DEMOGRAPHICS

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RADIUS _______ 1 MI ___ 3 MI ___ 5 MI ___ 10 MI ___ 15 MI ___ 20 MI ___ 25 MI ___ 30 MI

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POPULATION _ 9,443 _ 48,186 __ 71,977 _ 104,259 _ 158,047 _ 244,982 _ 601,650 _ 1,158,306

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TOTAL

EMPLOYEES__ 4,445 _ 20,979 __ 31,852 __ 36,272 _ 72,902 __ 116,621 _ 295,683 _ 564,659

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AVG. HOUSEHOLD

INCOME _ $84,926 _ $88,160 _ $99,695 _ $114,641 _ $119,132 _ $129,512_$124,245_$115,073

$75-$100K _ 16.06% _ 13.50% __ 13.50% __ 12.42% __ 12.40% __ 12.56% __ 13.32% __ 12.84%

> $100K ___ 27.46% _ 25.67% __ 30.28% _ 35.28% __ 39.60% __ 43.11% __ 40.64% __ 37.35%

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TOTAL HH __ 4,338 __ 19,949 __ 29,202 ___ 41,134 __ 62,179 _ 93,643 __ 239,138 _ 459,056

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TOTAL NUMBER OF HOUSING

TOTAL

DWELLINGS _ 4,484 _ 20,961 ___ 30,169 __ 42,469 __ 64,692 __ 97,801 _ 252,414 _ 487,073

OWNER-

OCCUPIED _ 57.91% _ 56.72% __ 59.60% __ 65.62% __ 70.76% _ 74.42% _ 66.76% __ 61.88%

RENTER-

OCCUPIED _ 42.09% _ 43.28% _ 40.40% __ 34.38% __ 29.24% _ 25.58% _ 33.24% __ 38.12%

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CONSUMER

SPENDING _ $331 M _ $1.48 B _ $2.36 B _ $3.65 B __ $5.70 B _ $9.14 B _ $22.92 B _ $41.22 B

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DRIVETIME _ 5 MIN_10 MIN_15 MIN_20 MIN _ 25 MIN _ 30 MIN _ 35 MIN _ 40 MIN _ 45 MIN

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POPULATN_3,741_41,318_79,908_106,164_154,353_246,162_507,665_1,056,560_1,619,619

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TOTAL

EMPLOYEES_1,773_17,975_35,276_48,223 _ 71,113 _ 120,468 _ 252,381 __ 528,651 __ 824,162

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AVG. HOUSEHOLD

INC____$90,678_$79,674_$102,183_$112,902_$119,482_$134,153_$123,894_$119,149_$119,141

$75-$100K_12.01%_13.95% _ 13.26% __ 12.60% _ 12.48% _ 12.86% __ 12.99% _ 12.69%_12.25%

> $100K __32.81% _22.37% _ 31.69% __ 35.51% _ 39.48% _42.55% _ 40.25% _38.87%_38.32%

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TOTAL HH _ 1,649 _ 17,344 _ 32,376 _ 41,945 __ 60,522__98,274_202,337_427,625_666,270

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TOTAL NUMBER OF HOUSING

TOTAL

DWELLINGS_1,706_17,954_ 33,465 _ 43,327 ___ 62,854 _103,142_213,523_453,629_710,543

OWNER-

OCCUPIED_62.34%_52.56%_60.59%_65.70% __ 70.79% _ 69.09% _63.98% _ 59.53% _55.61%

RENTER-

OCCUPIED_37.66%_ 47.44% _39.41%_34.30% __ 29.21% _ 30.91% _ 36.02% _ 40.47% _44.39%

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CONSUMER

SPENDING_$170 M_$1.18 B_$2.67 B_$3.58 B__ $5.58 B _$9.86 B_$18.94 B_$38.72 B_$60.25

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Source: Applied Geographic Solutions, June 2025

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OVERVIEW

The Kohl's and Planet Fitness Center is located in the heart of the retail corridor of Newark, strategically positioned to not only serve the needs of the Newark community, but also the surrounding communities of Granville, Heath, Pataskala and Buckeye Lake. It has excellent visibility and multiple points of ingress/egress.

Located in the heart of the main Newark retail trade area along Deo Drive, which is 0.3 mile from 21st Street (32,800 VPD) and is less than 2 miles north of the State Highway 16 (47,200 VPD) on/off ramp & State Highway 79 (31,000 VPD), and is surrounded by a number of big box retailers including WalMart Supercenter, Kroger Marketplace, Home Depot, Tractor Supply, Big Lots and Aldi's.

Surrounded by dense residential housing and retail, local educational and day-care facilities, small office buildings, restaurants and grocery stores. Surrounding retailers include:

Super Walmart, Kohl's, Kroger Marketplace, Dollar Tree, Family Dollar, Tractor Supply, Home Depot, Aldi's, Big Lots, Pet Supplies Plus, McDonald's, Chipotle, Bob Evans, Walgreens, CVS, Aspen Dental, Subway, Rooster's, Stake n' Shake, Wendy's, Taco Bell, Donato's Pizza, O'Reilly Auto Parts, Autozone, Advance Auto Parts, etc.

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EXCELLENT ACCESS & VISIBILITY

The site boasts convenient access from North 21st Street (0.3 mile to the west), high traffic and excellent visibility along Deo Drive and Mt. Vernon Road, which intersects with US Route 16 (80,454 VPD) directly south of the site which provides access to Columbus (33 miles to the west).

—- Deo Drive = 14,800 VPD

—- Mt. Vernon Road, South of Deo Drive = 18,951 VPD

—- North 21st Street = 32,000 VPD

—- The Ohio State University at Newark - 2.9 miles from subject

—- C-TEC Career And Technology Education Centers of Licking County - 1.5 miles from subject

—- Newark High School - 2 miles from subject

—- Denison University and Granville Elementary, Middle & High Schools - 7.2 miles from subject

—- US Route 16 (80,454 VPD) - 1.7 miles from subject

Building highlights

  • INTEL’S UPCOMING $28 BILLION INVESTMENT INTO COLUMBUS IS 20 MILES AWAY - DRASTIC POPULATION GROWTH IS EXPECTED AROUND THE SITE & IN LICKING COUNTY IN GENERAL

  • Licking County is a popular place for high-tech investments as tech giants including INTEL, Facebook Meta, Google and Amazon already have made significant investments in it

  • The Ohio State University is 2.5 miles away and Denison University is 6 miles away

  • Ownership seeking Joint Venture Partnership Opportunities in high cash flow national/regional businesses that are a good fit to serve the local communities

  • 24,392 SF Retail Center occupied by a Planet Fitness with over 10,000 members, Ranking Top 30% Nationally (Placer.ai) - Over 11 years of Operating History at Location & BTS of 90,000+ SF in outlot

  • 6,400 SF (split into two), 16 FT high ceilings and 80 FT glass frontage facing Deo Drive between Kohl's and Planet Fitness. Can be expanded to 13,000+ SF

  • Anchored by a very productive Kohl's, which owns its own parcel in thriving retail corridor, demonstrating commitment to the site - Over 20 years of Operating History at Location

  •  2006 Built High Quality Construction - Features Easy Access and Excellent Visibility to Daily Traffic Counts in excess of 33,700+ Vehicles at corner

  •  Ample Parking on 6.97 acres parcel (13.49 acres with Kohl's parcel) - Two identical monument Pylon Signs, one on Deo Dr and the other on Mt. Vernon Rd

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