459 Agler Rd | Gahanna, OH 43230
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459 Agler Rd
Gahanna, OH 43230
AutoZone | Family Dollar · Retail Property For Sale
Investment Highlights
- Columbus MSA Acquisition Opportunity
- Best-in-Class Tenant Mix with Investment Grade Retailers
- Excellent Visibility Adjacent to U.S. Route 62
- Highly Passive Shopping Center Net Leases
- High Residual Value with Low Rent PSF
- Proximity to John Glenn Columbus International Airport
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in the Family Dollar & AutoZone asset located in Gahanna, OH (“the Property”). The Property consists of a 21,636-square-foot two (2) tenant retail building, that sits on 2.077 acres of land. The Property is leased to Family Dollar and AutoZone who are both operating under passive net leases with limited landlord responsibilities.
The Property is located within Gahanna, Ohio, a city within the Columbus Metropolitan Area (2.1+ million population). Columbus is the capital of and the largest city in the state of Ohio, the second-largest city in the Midwest, and the 14th-largest city in the nation, with a population of 913,175. The city is home to The Ohio State University, the nation’s sixth-largest university campus in terms of enrollment with nearly 60,000+ annual students. Additionally, the Property boasts strong surrounding demographics with a three (3) mile population base of
65,834 and average household income of $92,124 within one (1) mile of the Property.
The Property is located within Gahanna, Ohio, a city within the Columbus Metropolitan Area (2.1+ million population). Columbus is the capital of and the largest city in the state of Ohio, the second-largest city in the Midwest, and the 14th-largest city in the nation, with a population of 913,175. The city is home to The Ohio State University, the nation’s sixth-largest university campus in terms of enrollment with nearly 60,000+ annual students. Additionally, the Property boasts strong surrounding demographics with a three (3) mile population base of
65,834 and average household income of $92,124 within one (1) mile of the Property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,636 SF
Building Class
C
Year Built/Renovated
1967/1976
Price
$2,214,704
Price Per SF
$190
Cap Rate
8%
NOI
$177,176
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.13
Lot Size
2.07 AC
Zoning
C
Parking
38 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
421 FT on Agler Rd
PROPERTY TAXES
| Parcel Number | 025-007165 | Improvements Assessment | $197,370 |
| Land Assessment | $183,860 | Total Assessment | $381,230 |
PROPERTY TAXES
Parcel Number
025-007165
Land Assessment
$183,860
Improvements Assessment
$197,370
Total Assessment
$381,230
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