$582,500 USD
216-264-2000
1380 S Fourth St
Columbus, OH 43207
Merion Village
HIGHLIGHTS
- Freestanding Giant Eagle Pharmacy in Columbus, OH
- 5.5 Years Remaining on Double Net Lease
- Tenant Recently Exercised their 5-Year Option (with $1/SF Rent Increase) AS-IS with No Negotiating
- Substantial Renovations Completed in 2020 when Giant Eagle took Occupancy
- $1/SF Rent Increase in Next Option Adds 44 bps to CAP Rate
- Walkable & Drivable Neighborhood “Corner Store” Setting; Ample Parking on Parcel
FOR SALE DETAILS
PRICE
$582,500 USD
PRICE/SF
$224 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,019 SF
ZONING
C4
APN/PARCEL ID
010-033432
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216-264-2000
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216-264-2000
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