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29599616
29599615

9001 Columbus Pike, Lewis Center, OH 43035

BS
OH# 2018002569
Matthews
ZB
OH 2018002393
Matthews
Listed by Matthews
Unpriced
120 days on market
Updated 118 days ago

Powell Center | Columbus MSA | Affluent & High Growth Suburb

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 204,251
Units 9
Occupancy 100%
Tenancy Multi
Brand/Tenant Chick-fil-A, Marshalls (+2)
Lease Type NNN
Remaining Term 9
Rent Bumps Yes
Year Built 2000
Buildings 3
Stories 1
Acreage 27.000
Tenant Credit Credit Rated

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

Listing Contacts

BS
OH# 2018002569
Matthews
ZB
OH 2018002393
Matthews
Listed by Matthews

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Additional Information

Name
Matt Wallace
License
License # REC.2022007141 (OH)
Brokerage
Matthews Real Estate Investment Services, Inc
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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