133 Huber Village Blvd - Department Store FOR SALE
Westerville, OH 43081- Outer Northeast Columbus |
$7,350,000 USD
773-562-6999
133 Huber Village Blvd
Westerville, OH 43081
Outer Northeast Columbus
HIGHLIGHTS
- Adjacent to West Park Plaza: 216,000 SF community shopping center (includes Kohl’s), anchored by Marc’s Grocery and Planet Fitness.
- Traffic Counts: Interstate 270 (151,000 vehicles/day), S. State Street (42,000 vehicles/day)
- Nearby Retailers: Kroger, Walmart, ALDI, Chase, McDonald’s, Panera, Starbucks, Chipotle, Wendy’s, Sherwin Williams, PNC Bank, City Barbecue, and more.
- Retail Submarket: Westerville Retail Submarket, 9.4 million SF inventory, 2.7% vacancy, average asking rent $19.77 PSF Net.
OVERVIEW
-Guarantor: Kohl’s Department Store, Inc (Corporate Guaranty)
-Taxes: Tenant pays directly to municipality.
-Landlord Responsibilities: Responsible for CAM (Common Area Maintenance), but costs are reimbursed by the tenant. CAM includes maintenance, repairs, landscaping, insurance, security, and compliance with government requirements. Capital expenditures over $25,000/year are amortized.
FOR SALE DETAILS
PRICE
$7,350,000 USD
PRICE/SF
$74 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
200
LAND DETAILS
LAND ACRES
10.22 AC
LAND SF
445,183 SF
ZONING
CC
APN/PARCEL ID
080-011588
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773-562-6999
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773-562-6999
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