Laundromax - 3552 E Main St, Columbus, OH
Absolute NNN Lease | Rare 30 Year Lease | 2% Annual Increases | Large Operator | Columbus, OH
Marketing description
Bellagio Real Estate Partners, LLC, in conjunction with 360 Real Estate Advisors, is pleased to present Laundromax, located at 3552 East Main Street in Columbus, Ohio. The freestanding retail asset is leased to Laundromax under a long-term lease with over 29+ years remaining on its initial lease term and 2% annual rent increases, providing predictable cash flow and strong long-term tenant commitment. Laundromax makes a substantial capital commitment to each location, investing approximately $2 million on average in buildout costs. This Laundromax is operating under a single purpose entity; however, Laundromax together with its affiliates are the largest operator of laundromats by volume in the US. The building consists of 7,800 square feet situated on 0.932 acres and is positioned along East Main Street, a primary retail corridor serving East Columbus. The site benefits from strong visibility, convenient access, and a newly constructed apartment complex located directly west of the property, which further enhances the immediate customer base, supports sustained foot traffic, and drives long-term demand for laundromat services.
Investment highlights
2% Annual Increases, providing steady NOI growth.
Laundromax together with its affiliates are the largest operator of laundromats by volume in the US, with 85+ locations across multiple states.
Long-term Absolute NNN lease with over 29+ years remaining on initial lease term.
No Landlord Responsibilities, Tenant pays all taxes, insurance, utilities, and maintenance, and maintains liability and full replacement-cost property insurance.
Hard, Signalized Corner with Pylon Signage, offering exceptional visibility and traffic exposure.
Excellent Access and Site Functionality, with ingress/egress from both bordering streets and additional rear parking area.
Immediately Adjacent to The Enclave on Main, a newly developed 102-unit multifamily community, providing built-in traffic and long-term demand drivers.
High Renter Concentration, with roughly 60% of residents within a 3-mile radius renting.
Surrounding National retailers include Walmart, Raising Cane’s, AutoZone Auto Parts, Dollar Tree, Wingstop, and Aldi.
A population of 116,782 in a 5-mile radius offering a strong and dense customer base.
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