Powell Center | Columbus MSA | Affluent & High Growth Suburb
Floor & Decor, Marshalls, HomeGoods & Chick-fil-A Anchored | 9 Years Weighted Avg. Lease Term (WALT)
Investment highlights
Floor & Decor, Marshalls, HomeGoods & Chick-fil-A Anchored Community Center Primely Located in Affluent and High-Growth Suburb of Columbus | Rare Weighted Avg Lease Term (WALT) of Nearly 9 Yrs – Zero Tenant Lease Expirations for Nearly 6 Years
Recent Early Extensions With Marshalls, HomeGoods and Michaels | Marshalls and HomeGoods Extended Thru 2034 – Both Tenants Are Original, Having Been Here Since 2001, and Operate at a Sub-5% Occupancy Cost With Combined Sales Totaling Nearly $26M
Strong Leasing Momentum | Brand-New 10-Yr Leases Executed With Floor & Decor and Painted Tree Boutiques | Brand-New 15-Yr Lease With Chick-fil-A | Early Extensions With Marshalls, HomeGoods & Michaels
Ideal Location in Heart of Retail Corridor at Signalized Intersections Along Columbus Pike & E Powell Rd | 67,000+ Combined VPD Traffic Count | Excellent Access & Visibility | Less Than 3 Miles From I-71 & Polaris Town Center
Surrounded by Significant Daily Traffic Drivers Including Walmart, Meijer, BJ’s Wholesale Club, Aldi, Home Depot & Menards
Highly Desirable Demographics | 3-Mile AHHI: $136,000 | 5-Mile Population: 175,000 | Projected 1-Mile Population & Household Growth of 13% Over the Next 5 Years
Primely Positioned in the Affluent, High-Growth Pocket of the Columbus MSA | Fastest-Growing Major Metro in the Midwest
Floor & Decor, Marshalls, HomeGoods, Chick-fil-A, Michaels and Painted Tree Comprise 90% of Rental Income
Less Than 20 Miles From “Silicon Heartland” – Intel’s New $28B Semiconductor Manufacturing Campus | Significant Investments From Amazon, Meta, Microsoft & Google
Opportunity to Immediately Lower Basis and Increase Going-In Yield by Selling Off Chick-fil-A Individually | Already Separately Parceled
Offered Free & Clear of Existing Financing
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