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3883 GRAMERCY ST Columbus OH 43219-6045

[Locked] • APN 010-247727

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Details
Property Type Retail
Sub Type Shopping Center
Building SqFt 29,214
Lot SqFt 83,306
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code CPD-H-110
Year Built 1999
Building Count 3
Opportunity Zone No
Lease Type ******
Remaining Term ******
Lease Expiration ******
Mortgage Amount ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Shopping Center
Investment Highlights

• 28,400 SF Class “A” Freestanding Dual-Concept Home- Décor Store with 7.5 Years Remaining Located within Easton Town Center in the Columbus MSA

• The Only Retail Parcel Included and Adjacent to Easton Town Center not owned by ‘Easton Ownership

• Hard-Corner Location within Easton Town Center - #1 Retail Destination in Ohio with 30 Million Annual Visitors; 200+ Retailers, 65+ Restaurants, 590 Hotel Rooms, Millions of Square Feet of Retail & Office

• Frontgate Comprises 59% of GLA & Rent and Ballard Designs Comprises 41% of GLA & Rent

• Single Freestanding Building with 2 Separate Leases

• Leases are Co-Terminus with the Same PSF Rental Rate, and Have Virtually Identical Lease Language Throughout

• 3% Annual Rent Increases throughout the Current Term & Options; 8.96% CAP by 2033 Expiration (+146 bps)

• Double-Net Leases with Minimal Landlord Responsibilities

• Massive Investment by Tenants in 2023 Build-Outs & CapEx Totaling $8.23 Million ($290/SF), with Over $6.4 Million of that

Cost ($225/SF) Borne at Tenants’ Sole Expense

• $5.5 Million for Frontgate & $2.7 Million for Ballard Designs

• Landlord Provided $60/SF TIA & $100K HVAC Replacement Allowance – a Mere 22% of the Tenant’s Overall Build-Out

Costs

• Over $500,000 invested by Landlord in Capital Improvements in 2023 Including New TPO Roof, 4 of 5 HVAC Units Replaced, and Entire Parking Lot Milled, Paved & Striped

• Corporate Guaranty from Cornerstone Brands, Inc. Throughout Remaining Term – Wholly-Owned Subsidiary of QVC Group, Inc. Comprising 4 Brands and $1B Annual Revenue

• Cornerstone Brands, Inc. is Wholly-Owned by Publicly-Traded QVC Group, Inc. (Nasdaq: QVCGA) with $26.3M Market Cap and Over $10B in Annual Revenue

• Ideally Positioned between Specialty Retailer & Restaurant-Oriented Eason Lifestyle Center, and Junior Box-Oriented Easton “Market” Open-Air Power Center

• Just East of Major Intersection at Morse Crossing with 25,000 VPD; 1-Mile from I-270 Exit Ramps at Morse Road (I-270 Sees Nearly 200,000 VPD)

• Easton is Ranked by Chain Store Age as the #1 Retail Center Experience in America and is Consistently Amongst the Top 30 Highest Performing Retail Centers Nationally

• Who’s Who of Upscale & Luxury Retailers Including Alo, Apple, Arhaus, Aritzia, Breitling, Golden Goose, Gucci, Kendra Scott, Lilly Pulitzer, Louis Vuitton, Lululemon, Nordstrom, Pottery Barn, Restoration Hardware, Saks Off 5th, Sur la Table, Tiffany & Co., Tommy Bahama, West Elm & More

• Infill Location with Dense Demographics – 284,000 Residents Within 5 Miles and AHHI of $80K

• Columbus, OH – Fastest Growing Major MSA in the Midwest with 15% Population Growth Since 2010 & Over 35% Growth Since 2000

Sale Date
******
Sold Price
******
Sale Doc Number
******
Sale Document Type
******
Mortgage 1 Est Interest Rate
******
Mortgage 1 Est Loan Balance
******
Mortgage 1 Est Payment Amount
******
Mortgage 1 Lender
******
Mortgage 1 Lien Position
******
Mortgage 1 Loan Amount
******
Mortgage 1 Loan Maturity Date
******
Mortgage 1 Loan Type
******
Mortgage 1 Recording Date
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Mortgage 1 Term
******
Mortgage 1 Type Financing
******
Sold By
******
Sold To
******

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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CPD-H-110 PlannedCommercial Planned Development 110 Foot Height District
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View all 239 uses
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Listing removed on
 BY:
CF
Craig Fuller PRO
•••.•••.2043
•••••••••••••ller@••••••.com
Brokerage logo
Listing removed on
 BY:
EP
Erin Patton
•••.•••.9035
•••tton@•••••••••••••••.com
Brokerage logo

Map

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