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32400047
32400042

3755 West Dublin-Granville Road, Dublin, OH 43017 For Sale

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$2,472,800
71 days on market
Updated 71 days ago

Ivybrook Academy

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 5,620
Cap Rate 6.25%
NOI $154,550
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 20
Lease Expiration 05/31/2040
Remaining Term 14
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2004
Acreage 0.980
Investment Type Net Lease
Lease Commencement 01/31/2020
Ground Lease No

Best Corner in Columbus OH | 14 Yrs Remaining | Affluent Suburb | $2.472M – 6.25% Cap Rate

Marketing description

  • 14 Years Remaining on Lease Term with Ivybrook Academy - 60 Plus Locations
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Located in a Major Employment Center - Surrounded by Corporate Offices/Headquarters
  • Affluent Trade Area - Average Household Income within Five Miles Exceeds $143,000
  • Easily Accessible Location at the Corner of Sawmill Rd and Dublin-Granville Rd (79,000 Plus Combined Cars per Day) and Immediately Off Interstate 270
  • Situated in a Dense Retail Corridor Surrounded by National Tenants: Target, Meijer, Trader Joe’s, Lowe’s, Sam’s Club, and More
  • Down the Road from Bridge Park, a 30-Acre Mixed-Use, Walkable Community

Investment highlights

Founded by a former schoolteacher looking to improve the quality of preschool education, Ivybrook Academy is a national franchise company offering enriching half-day programs for children ages 18 months to 6 years at campuses across the United States. Ivybrook Academy has been recognized as an Entrepreneur Magazine Top 500 and continues to expand with dedicated local franchise owners interested in making a difference in the lives of families across the country.

Dublin is a vibrant city located in central Ohio. As a suburb of the state capital, Columbus, Dublin offers a blend of suburban comfort, economic vitality, and a strong sense of community. The Columbus metro is composed of 10 counties and is best known as a college-centric city, but for a midsize community, it offers residents big-city amenities. The metro is home to major league sports teams, including the Blue Jackets of the NHL and the Columbus Crew of MLS.

Listing Contacts

ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,550.00
$12,879.17/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Michael Glass
License
BRK.2007005898
Title
Broker of Record
Name
Zack House
License
AZ, OH CO000422000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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