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28055593
28055594

2415 N National Rd, Columbus, IN 47201

JB
IN IN RB19001231
Veritas Realty
PA
IN 24001509
Veritas Realty
Veritas Realty
Listed by Veritas Realty
$1,826,500
39 days on market
Updated 39 days ago

Columbus Shoppes

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 4,161
Units 2
Cap Rate 6.5%
NOI $118,731
Occupancy 100%
Tenancy Multi
Brand/Tenant T-Mobile
Lease Type NNN
Rent Bumps Yes
Price per SqFt $439
Broker Co-Op Yes
Year Built 2006
Year Renovated 2021
Buildings 1
Acreage 0.540
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Retail | 6.50% CAP | 4,161 SqFt

Marketing description

Veritas Realty is pleased to present the sale listing of a two-tenant retail center in Columbus, IN. This property is located in the heart of the retail corridor and surrounded by national tenants such as Target, WalMart Supercenter, Kroger Marketplace, Lowe's, Walgreens, Starbucks, Panera Bread, Chipotle, Ulta Beauty, T.J. Maxx, Chick-Fil-A, Petco, Hobby Lobby, Best Buy, and many more. The retail center is located on N National Rd, which is the main North & South thoroughfare in the market, seeing an average of 29,818 cars daily. Because of its great placement and visibility, the center was able to attract both T-Mobile and Hot Box Pizza (first location in this market). T-Mobile is a world-leader in the telecom industry with over 75,000 employees and a 2024 Revenue of $81.4 Billion. Hot Box Pizza is a staple in Central Indiana with 22 existing locations and a reputation for the best pizza and breadsticks in the area.

Investment highlights

Listing Contacts

JB
IN IN RB19001231
Veritas Realty
PA
IN 24001509
Veritas Realty
Veritas Realty
Listed by Veritas Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,731.00
$9,894.25/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Jon Bannister
License
IN RB19001231
Brokerage Phone
3174721800
Title
IN
Name
Phoebe Aaron
License
24001509
Brokerage Phone
3174297576
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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