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21191306
21191305

3657 Trabue Road, Columbus, OH 43228

DT
OH 2003006998
Hanna Commercial Real Estate
Listed by Hanna Commercial Real Estate
$2,866,875
511 days on market
Updated 92 days ago

3657 Trabue Road

Details
APN 140-002397 / 140-002394
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 18,220
Units 1
Cap Rate 6.75%
NOI $193,514
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Price per SqFt $157
Broker Co-Op Yes
Class B
Year Built 1977
Year Renovated 2012-2024
Buildings 1
Stories 1
Acreage 2.074
Zoning CS & SCPD
Investment Type Net Lease
Ceiling Height 12' to 18'
Ownership Fee Simple

America’s Floor Source – Columbus West – Net Leased Showroom/Offices/Warehouse

Marketing description

Single Tenant Net Leased – 18,220 SF - Showroom/Offices/Warehouse Facility - leased by America’s Floor Source, one of the Nation’s largest flooring companies with over $208M in 2024 revenue. New 5-year lease from date of closing with (2) 5-year renewal options - 6.75% Year-1 Cap Rate ($193,514 NOI) with 2% Annual Escalations. Strong Average Daily Traffic Count 12,635 (2023) – Great signage, access, and visibility. Approx 8,405 SF (46%) warehouse / 9,815 SF showroom/offices (54%) – 2.07-acre site – 12’-18’ clear height – 3 drive in doors (12’ and 14’) – Many improvements from 2012-2024 – 32 striped parking spaces.

AFS Annual Revenue continues to increase year over year as follows $208M (2024); $178M (2023); $190M (2022); $172M (2021); $109.5M (2020); $105.5M (2019); $95M (2018).

Demographics in the area surrounding the Property include a population in a one (1), three (3) and five (5) mile radius of 8,683, 82,035 and 327,674. Average household incomes in this radius are $116,307, $147,070 and $118,574.

The property is conveniently located northwest of downtown near I-70, I-270, I-670, Riverside/Dublin Rd corridor; and near Upper Arlington, Hilliard, Grandview, The Ohio State University, Columbus Downtown/CBD, Franklinton, Quarry Trails Metro Park and the new 607-acre Quarry Trails mixed use development. Located between Wilson Rd and Hague Ave, just across the street from Raymond Memorial golf course.

AFS was founded in 2000 and is headquartered in Columbus, Ohio; with Ohio locations in Columbus (3 locations) and Cincinnati (1 location); Indiana locations in Indianapolis (1 location); Kentucky locations in Louisville (2 locations) and Lexington (1 location), Illinois location in Chicago (1 location) and a Tennessee location in Memphis (1 location). AFS has serviced thousands of homeowners and commercial customers. Services include in-home shopping/mobile floor source, on-line shopping and in store shopping for carpet, hardwood, luxury vinyl, laminate, tile & stone, decorative & polished concrete, sports flooring, area rugs, wall coverings, sand and finish and carpet tile, window treatments and countertops.

Today, AFS is one of the nation’s largest flooring companies, with 550 employees, 10 locations, and over $208 million in revenue in 2024; $178 million in 2023; $190 million in revenue in 2022; $172 million in 2021; $109.5 million in 2020; $105.5 million in 2019 and $95 million in 2018.

Investment highlights

• Single Tenant Net Leased Investment starting at a 6.75% Cap Rate with 2% annual base rent increases

• Strong Tenant/Corporate Guarantor – America’s Floor Source (“AFS”) - one of the Nation’s largest flooring companies with over $208M in 2024 revenue

• 5-year initial lease term with (2) 5-year renewal options

• AFS Annual Revenue continues to increase year over year as follows $208M (2024); $178M (2023); $190M (2022); $172M (2021); $109.5M (2020); $105.5M (2019); $95M (2018)

• Tenant has occupied this location since 2010

• Great Signage, Access and Visibility

• Strong Average Daily Traffic Count – 12,635 Cars Per Day (2023)

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Listing Contacts

DT
OH 2003006998
Hanna Commercial Real Estate
Listed by Hanna Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,514.00
$16,126.17/mo

Valuation Metrics

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DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Doug Tenenbaum
License
2003006998
Brokerage Phone
614-554-4408
Title
Senior Vice President Columbus Region
Brokerage Address
583 South 3rd Street
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