100% Leased Retail Center Columbus (Grandview)
Retail | 100% LEASED I Grandview I Columbus, Ohio
Marketing description
Fully Leased 9,525 SF Retail Center Situated in the Heart of Grandview Heights (Hottest Community in Columbus, Ohio) upside from below market rents and priced 20% below market average sales price. Opportunity to self manage for increased return. Tenants paid for their own improvements and building has a new roof and parking lot, and tenants recently renewed. This infill site is almost irreplaceable and the asking price is significantly below replacement cost. Grandview is one of Columbus’ most popular gentrified communities and is highly desired with many walkable restaurants, shopping and other amenities. Properties like this do not come up for sale very often.
Investment highlights
Increase rents to market over time to get to potentially a 12% cap rate
Property located in the very popular and densely populated Grandview Heights offering long-term stability with high-quality renovations and strong tenant commitment.
Shopping center underwent a complete remodel in 2024.
Exterior and Interior Upgrades
Parking lot resurfaced with new asphalt and fresh striping.
Both buildings received new EPDM roofing systems with a 20-year warranty, along with a fresh coat of exterior paint.
City approved dumpster enclosure with exterior security cameras.
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