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28291601
28295095

6090-6126 Parkcenter Circle, Dublin, OH 43017

WW
OH 2021003152
Matthews
Listed by Matthews
$8,850,026
199 days on market
Updated 49 days ago

6090-6126 Parkcenter Circle

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 22,183
Cap Rate 7.5%
NOI $663,788
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 4
Price per SqFt $399
Year Built 2007
Buildings 1
Investment Type Net Lease

Dublin, OH (Columbus MSA) Shopping Center

Investment highlights

Stable, High Credit Tenancy

  • Tenant Retention - The average occupancy tenure at the center is 11.3 years.

  • WALT- 4.51 Years

  • Credit Tenants - The majority of the rent roll is comprised of national tenants with long-term operating history.

  • Tenant Retention - The average length of occupancy at the center is 11.3 years.

  • Restaurant Users - 72% of the center is occupied by established restaurants with full commercial kitchens giving investors highly sought after suites with strong, future rentability.

  • Panera Bread - This location is the primary catering hub for surrounding corporate office users and Ohio State University population.

Recent Leasing Activity

  • 2,048 SF Leased To Cocockay Bites - an Indo-European fast casual restaurant- on a new 5-year lease with 5% annual increases. Tenant is actively building out a full commercial kitchen adding hundreds of thousands of dollars of value.

  • Mi Tradicion exercised their 5 year renewal option showcasing their commitment to the space. They have operated out of the center since 2008.

  • $1M investment to new 5,000 SF Image Studios suite.

  • Noodles & Co exercised a 5-year extension at the end of 2023.

Prime Location | Great Visibility and Access

  • Immediate Access to and Visibility from I-270 (±108,000+ VPD).

  • 3 miles from Dublin’s Mixed use development: Bridge Park with other.

  • Surrounded by national retailers and QSRs: McDonalds, Chick Fil A, Chipotle, Walmart, Best Buy, Golf Galaxy.

  • 15 Miles from Ohio State University

Listing Contacts

WW
OH 2021003152
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$663,788.00
$55,315.67/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Matt Wallace
License
License No. REC. 2022007141 (OH)
Brokerage
Matthews
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
950 Main Ave Suite 510, Cleveland, OH 44113
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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