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.