463 W Town St
4,936 SF Retail Building Columbus, OH 43215 $2,100,000 ($425.45/SF) 7.14% Cap Rate
INVESTMENT HIGHLIGHTS
- 11 Years Remaining on Lease
- Rapidly growing downtown neighborhood with tons of new development
- Successful, tenured, committed tenant
EXECUTIVE SUMMARY
Prime Investment opportunity in Columbus, OH. Property is located amongst many new & future developments in the electric, downtown neighborhood of Franklinton. Current owner/tenant will stay through the current long-term lease, extension options are possible as this is a top performing location for them. Tenant has been very successful and growing internationally. Please contact broker directly, do not disturb operating business or employees.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
4,936 SF
Building Class
B
Year Built/Renovated
1958/2018
Price
$2,100,000
Price Per SF
$425.45
Cap Rate
7.14%
NOI
$150,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.14 AC
Opportunity Zone
Yes
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- BrewDog
- Retailer
- 3,836 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| BrewDog | Retailer | 3,836 SF | - | - |
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010-050183 | Improvements Assessment | $229,710 |
| Land Assessment | $6,650 | Total Assessment | $236,360 |
