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31120944
31120951

116 E Moler St, Columbus, OH 43207 For Sale

MD
OH SAL.2020000914
Verti Commercial Real Estate
CH
OH SAL.2024000277
Verti Commercial Real Estate
Listed by Verti Commercial Real Estate
$4,100,000
124 days on market
Updated 10 days ago

Merion Village Retail (Columbus, Ohio)

Details
APN 010-037613
Property Type Retail
Sub Type Restaurant, Shopping Center (+1)
Square Footage 18,941
Net Rentable (SqFt) 18,941
Units 4
NOI $289,250
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 8
Lease Expiration 08/30/2033
Remaining Term 6.5
Rent Bumps Yes
Lease Options Yes
Pro-Forma Cap Rate 7.88%
Pro-Forma NOI $322,989
Price per SqFt $216
Broker Co-Op Yes
Class B
Year Built 1923
Year Renovated 2023
Buildings 4
Stories 2
Acreage 0.330
Zoning Commercial
Parking Spaces 23 spaces
Parking per 1,000 SqFt 1.21
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 08/01/2023
Occupancy Date 03/17/2026
Ground Lease No
Ownership Fee Simple

Columbus OH Retail | Multi-Tenant | Day-1 Cash Flow | 18,941 SqFt

Marketing description

Introducing an exceptional investment opportunity in the heart of Columbus, Ohio. This impressive property, built in 1923 and renovated in 2023, offers a 18,941 SF building with 4 units, showcasing timeless character and modern functionality. Boasting 100% occupancy, this prime location presents a compelling prospect for retail/street retail investors seeking a stable and lucrative asset. The well-maintained building exudes a captivating blend of historic charm and contemporary appeal, making it an ideal choice for investors looking to capitalize on a property with a strong leasing history and remarkable potential for sustained growth and success.

Discover the vibrant allure of Merion Village Retail (Moler & 4th), an enticing destination for retail investors seeking a thriving community in Columbus, OH. Nestled within a dynamic neighborhood, the area boasts a burgeoning arts scene, diverse culinary offerings, and a mix of eclectic boutiques and trendy hotspots. Just moments away, investors will find the iconic German Village, offering a quaint, historic charm intertwined with modern amenities. Additionally, the renowned Scioto Audubon Metro Park provides an urban oasis for leisure and recreation. With its strategic location and an array of attractions, Merion Village Retail (Moler & 4th) presents a prime opportunity for retail investors to capitalize on the energy and character of this sought-after locale.

Investment highlights

  • Fully Stabalized Asset with 100% Occupancy

  • NNN and Modified Gross Leases

  • Prime Location in Bustling Neighborhood

  • Monetizable parking lot -- unrealized income or zoned for development

Listing Contacts

MD
OH SAL.2020000914
Verti Commercial Real Estate
CH
OH SAL.2024000277
Verti Commercial Real Estate
Listed by Verti Commercial Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$289,250.00
$24,104.17/mo

Valuation Metrics

0
DSCR
7.05%
Cap Rate
7.05%
ROI

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Additional Information

Name
Matthew E. Drane
License
SAL.2020000914
Brokerage Phone
202-510-2689
Name
Christopher Homan
License
SAL.2024000277
Brokerage
Verti Commercial Real Estate
Brokerage Phone
6145318803
Title
CEO
Brokerage Address
1830 East Broad Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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