Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Cleveland
$3,730,000
5590 North High Street
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 16,178
Units 8
Cap Rate 7.50%
NOI $279,363
Occupancy 100%
Tenancy Multi
Year Built 1953
Buildings 1
Stories 2
Acreage 1.160
Ground Lease No
14,225 SF High-Traffic Retail Strip with (1) 1,953 SF Apartment Unit Above
Marketing description
This property is part of a six property portfolio, the property can be purchased alone or with other properties in the portfolio. Please see OM for details.
Investment highlights
• 14,225 SF High-Traffic Retail Strip with (1) 1,953 SF Apartment Unit Above
• Located on MSA’s Top Corridor (High Street) with 17,135 VPD
• Dense/Affluent Trade-Area: 12K People, $99K AHHI within 1-Mi; 107K / $94K AHHI within 3-Mi
• 2-Miles down High Street from I-270 Exit Ramps (Columbus’s Outerloop Hwy System)
• 1.5 Miles South of New-Construction Retail Strips with $40-$50/SF NNN Rents
• Local And Service-Oriented Tenant Mix Supporting Daily Needs Demand
• 5-Miles down High Street to Ohio State University’s Campus (#3 Largest University in US); 7-Miles to Downtown Columbus
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Cleveland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$279,363.00
$23,280.25/mo
Valuation Metrics
0
DSCR
7.49%
Cap Rate
7.49%
ROI
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Property History
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