3657 Trabue Rd
18,220 SF Industrial Building Columbus, OH 43228 $2,866,875 ($157.35/SF) 6.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Single Tenant Net Leased Investment starting at a 6.75% Cap Rate with 2% annual base rent increases
- 5-year initial lease term with (2) 5-year renewal options
- Tenant has occupied this location since 2010
- Strong Tenant/Corporate Guarantor – America’s Floor Source (“AFS”) - one of the Nation’s largest flooring companies with over $208M in 2024 revenue
- AFS Annual Revenue continues to increase year over year as follows $208M (2024); $178M (2023); $190M (2022); $172M (2021); $109.5M (2020)
- Great Signage, Access and Visibility - Strong Average Daily Traffic Count – 12,635 Cars Per Day (2023)
EXECUTIVE SUMMARY
Single Tenant Net Leased – 18,220 SF - Showroom/Offices/Warehouse Facility - leased by America’s Floor Source, one of the Nation’s largest flooring companies with over $208M in 2024 revenue. New 5-year lease from date of closing with (2) 5-year renewal options - 6.75% Year-1 Cap Rate ($193,514 NOI) with 2% Annual Escalations. Strong Average Daily Traffic Count 12,635 (2023) – Great signage, access, and visibility. Approx 8,405 SF (46%) warehouse / 9,815 SF showroom/offices (54%) – 2.07-acre site – 12’-18’ clear height – 3 drive in doors (12’ and 14’) – Many improvements from 2012-2024 – 32 striped parking spaces.
AFS Annual Revenue continues to increase year over year as follows $208M (2024); $178M (2023); $190M (2022); $172M (2021); $109.5M (2020); $105.5M (2019); $95M (2018)
Demographics in the area surrounding the Property include a population in a one (1), three (3) and five (5) mile radius of 8,683, 82,035 and 327,674. Average household incomes in this radius are $116,307, $147,070 and $118,574.
The property is conveniently located northwest of downtown near I-70, I-270, I-670, Riverside/Dublin Rd corridor; and near Upper Arlington, Hilliard, Grandview, The Ohio State University, Columbus Downtown/CBD, Franklinton, Quarry Trails Metro Park and the new 607-acre Quarry Trails mixed use development. Located between Wilson Rd and Hague Ave, just across the street from Raymond Memorial golf course.
AFS was founded in 2000 and is headquartered in Columbus, Ohio; with Ohio locations in Columbus (3 locations) and Cincinnati (1 location); Indiana locations in Indianapolis (1 location); Kentucky locations in Louisville (2 locations) and Lexington (1 location), Illinois location in Chicago (1 location) and a Tennessee location in Memphis (1 location). AFS has serviced thousands of homeowners and commercial customers. Services include in-home shopping/mobile floor source, on-line shopping and in store shopping for carpet, hardwood, luxury vinyl, laminate, tile & stone, decorative & polished concrete, sports flooring, area rugs, wall coverings, sand and finish and carpet tile, window treatments and countertops.
Today, AFS is one of the nation’s largest flooring companies, with 550 employees, 10 locations, and over $208 million in revenue in 2024; $178 million in 2023; $190 million in revenue in 2022; $172 million in 2021; $109.5 million in 2020; $105.5 million in 2019 and $95 million in 2018.
AFS Annual Revenue continues to increase year over year as follows $208M (2024); $178M (2023); $190M (2022); $172M (2021); $109.5M (2020); $105.5M (2019); $95M (2018)
Demographics in the area surrounding the Property include a population in a one (1), three (3) and five (5) mile radius of 8,683, 82,035 and 327,674. Average household incomes in this radius are $116,307, $147,070 and $118,574.
The property is conveniently located northwest of downtown near I-70, I-270, I-670, Riverside/Dublin Rd corridor; and near Upper Arlington, Hilliard, Grandview, The Ohio State University, Columbus Downtown/CBD, Franklinton, Quarry Trails Metro Park and the new 607-acre Quarry Trails mixed use development. Located between Wilson Rd and Hague Ave, just across the street from Raymond Memorial golf course.
AFS was founded in 2000 and is headquartered in Columbus, Ohio; with Ohio locations in Columbus (3 locations) and Cincinnati (1 location); Indiana locations in Indianapolis (1 location); Kentucky locations in Louisville (2 locations) and Lexington (1 location), Illinois location in Chicago (1 location) and a Tennessee location in Memphis (1 location). AFS has serviced thousands of homeowners and commercial customers. Services include in-home shopping/mobile floor source, on-line shopping and in store shopping for carpet, hardwood, luxury vinyl, laminate, tile & stone, decorative & polished concrete, sports flooring, area rugs, wall coverings, sand and finish and carpet tile, window treatments and countertops.
Today, AFS is one of the nation’s largest flooring companies, with 550 employees, 10 locations, and over $208 million in revenue in 2024; $178 million in 2023; $190 million in revenue in 2022; $172 million in 2021; $109.5 million in 2020; $105.5 million in 2019 and $95 million in 2018.
PROPERTY FACTS
Price | $2,866,875 |
Price Per SF | $157.35 |
Sale Type | Investment NNN |
Cap Rate | 6.75% |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 2.07 AC |
Rentable Building Area | 18,220 SF |
No. Stories | 1 |
Year Built/Renovated | 1977/1993 |
Tenancy | Single |
Parking Ratio | 1.76/1,000 SF |
Clear Ceiling Height | 18’ |
No. Drive In / Grade-Level Doors | 3 |
AMENITIES
- Mezzanine
- Signage
- Air Conditioning
UTILITIES
- Gas - Natural
- Water - City
- Sewer - Septic Field
- Heating - Gas
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $310,555 | |
Land Assessment | $97,230 | Total Assessment | $407,785 |
ZONING
Zoning Code | CS, Franklin County (Franklin County Zoning: CS Community Service District for primary parcel; and SCPD Select Commercial Planning District for rear parcel) |