Walkers Corner
3-Property Retail Offering - New 10 Yr Anchor Lease - Columbus OH
Marketing description
Investment highlights
• 100% Occupied, Class “A” Retail Development in High Growth Columbus MSA
• New 10 Year Lease with DSW – Backfill to Party City at $4/SF Higher Rent
• 67,865 VPD - Irreplaceable Location at Prominent Intersection of Route 256 and Tussing Rd/Blacklick-Eastern Rd NW with Massive Traffic Counts
• Just 1/4-Mile South of I-70 Exit Ramps – I-70 Sees 100,070 VPD
• Multiple Points of Ingress/Egress and Prominent Monument Signage Providing Ample Visibility and
Accessibility
• Anchored by DSW, ULTA, Five Below who Collectively Comprise 65% of GLA
• Five Below is in the Top 7% Nationally & Best of 70 Stores in Ohio (Source: Placer.ai)
• Nearly All-National Tenant Base – 90% of GLA (8 of 9 Tenants) is Leased to National Retail, Restaurant, and Medical Chains
• Weighted Average Lease Term Remaining of 5.24 Years – 3 of the 5 Largest Tenants Have Approx.
5-10 Years Remaining
• Columbus, Ohio is the Fastest Growing Major MSA in the Midwest – 12.5% Population Growth
(+237,000 New Residents) Since the 2010 Census
• Starbucks Located on Prominent Endcap Unit with Drive-Thru and Outdoor Patio
• Strong Underlying Financial Fundamentals that Mitigate Risk& Create Long-Term Upside Potential-Two Tenants Have Substantially Below Market Rents
• Weight Watchers & The Joint ($12/SF Below-Market)
• All Leases are NNN – 94% Reimbursement of Landlord Operating Expenses Creating True
Inflation Hedge
• Modern/High-Image 2014-Built “Class A” Retail Center – 3 Buildings with Attractive 4-Sided
Masonry & EIFS Facades
• Located in the Middle of Prominent Route 256 Corridor – 3-Mile-Long Retail Corridor Straddling North & South Sides of I-70 Exit Ramps
• Walmart, Sam’s Club, Target, Kohl’s, Giant Eagle, Kroger, Best Buy, Marshalls, etc.
• Affluent, Dense Infill Demographics with 10,400 Residents within 1 Mile and 87,800 Residents within 3 Miles; One-Mile AHHI of $100K
• Columbus MSA – State Capital Home to a Population of Over 2.1 Million with Major Employers Including The Ohio State University, OhioHealth, JPMorgan Chase, Nationwide, Huntington Bank, Honda, L brands, AEP, Battelle, Abbott Nutrition, and More
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