1150 Dublin Rd
Columbus, OH 43215
Retail Property For Sale

Essential Retailer - 6.25% starting cap rate. Approx 16.42% ROE with 20% down. Single Tenant absolute net leased Rite Rug located in Columbus, Ohio at a hard corner with signalized intersection and 21,172 ADT. Rite Rug is the 5th largest flooring retailer in the country with 33 locations and is the largest privately held flooring company in the country. 15 year lease with 10.5 years lease term remaining with annual 1.5% rent escalations starting 3/17/2021 which also includes the renewal options. This is an absolute NNN lease with no landlord responsibilities. Building was completely renovated in 2014-2015 with new roof, HVAC, electric plumbing, restrooms, fixtures, lighting, storefront windows and entry doors, flooring, interior and parking lot. Strong infill location with dense demographics with Major national retailers in the immediate trade area include Starbucks, Wendy’s, Tim Hortons, BP and Smokehouse Brewing Company. There are over 144,526 people within a three-mile radius and over 346,217 people within a five-mile radius of the subject property. Situated just west of City of Grandview Heights and ¼ mile from I-670/Grandview Ave. The Site is located near The Ohio State University, Grandview Heights, Upper Arlington, Grandview Crossing, Grandview Yard, Arena District, Short North, Italian Village, Victorian Village, Downtown Columbus and Franklinton.