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3580 N High St, Columbus, OH, 43214

Starbucks
$1,800,000

Key Information

Cap Rate
5%
Tot. SF
2,058
Lot Size
0.34 Acres
Year Built
1982
Term Remaining
±9.2 YRS
Type
Retail
NOI
$90,000

Highlights

  • Prime Location in Affluent Demographics – The property is strategically situated in an affluent metro area in Columbus, Ohio, offering a robust consumer base with significant purchasing power. This location supports strong retail performance and sustained tenant demand.
  • Creditworthy Tenant – Anchored by Starbucks, a globally recognized brand with corporate credit, ensuring a reliable income stream and enhancing the overall stability of the investment.
  • Attractive Rental Dynamics – The property is currently leased at a below market rent of $90,000 annually, providing an opportunity for increased cash flow through rental adjustments. Favorable rent increases are structured at 13% during the next lease option, allowing for predictable income growth and improved yield over time.
  • Proximity to Major Institution – Located at 3580 N High St, Columbus, OH 43214, the property is conveniently situated approximately 2 miles from The Ohio State University (OSU) campus. This proximity enhances foot traffic and consumer engagement, leveraging the presence of a large student and faculty population.
  • Long-Term Lease Security – The asset benefits from a long lease term remaining of ±9.2 years, offering long-term security and minimizing vacancy risks in the foreseeable future.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113