1980 N National Rd - Storefront Retail/Office FOR SALE


Columbus, IN 47201
$3,473,943 USD
930-201-9198
1980 N National Rd, Columbus, IN for Sale
$3,473,943 USD
Storefront Retail/Office - FOR SALE
1/18
null | 7.1% Cap Rate

1980 N National Rd
Columbus, IN 47201


HIGHLIGHTS

  • Across from Target-Anchored Center | Columbus Center - Top 21% Nationwide for Community Centers with 3.5M Annual Visitors (Place.AI).
  • New, Class A Construction | 100% Occupied | Target Shadow-Anchored Strip Center in Indianapolis MSA.
  • High Visibility/High Exposure Location: 47,261 Vehicles Per Day in Front of Center | Surrounded by 2.7 Million SF of Retail within 2 Miles.
  • Stanton Optical Maintains 3% Annual Rental Increases | Sleep Number and Cricket Wireless Each Have 10% Rental Increases Every 5 Years.
  • Anchored by Sleep Number Corporate (NASDAQ: SNBR) (2023 Revenue: $1.9 Billion).
  • Corporate Stanton Optical (273 Location in 29 States) | Cricket Wireless - Relocation Store for Largest Authorized Retailer in US with 450+ Locations.

OVERVIEW

The Yoder-Harman Group is pleased to present the newly constructed, Class A, Target shadow-anchored retail strip center at 1980 N National Road in the affluent realm of Columbus, IN, to the market. This Sleep Number three-tenant center offers an excellent inflation hedge as Stanton Optical maintains 3% annual rental increases, and Sleep Number and Cricket Wireless each have 10% rental increases every 5 years. Sleep Number Corporation's 2023 revenue exceeded $1.9 billion, Corporate Stanton Optical has 273 locations in 29 states, and this Cricket Wireless relocation store is the largest authorized retailer in the US with 450+ locations. 1980 N National Road is strategically located at a hard corner across from the Target-anchored Columbus Center, ranked in the top 21% nationwide for community centers with 3.5 million annual visitors (per Placer.AI). There is high visibility and exposure with 47,261 vehicles per day in front of the center and surrounded by 2.7 million square feet of retail within 2 miles. The retail corridor includes several top-performing tenants, including the top 2% McDonald's in the US, the top 4% Kroger in the US, the #2 Rural King in Indiana, the top 8% Wendy's in the US, the top 6% Taco Bell in the US, the top 3% Dairy Queen in the US, and the top 4% Burger King in the US. As a City, Columbus Ranks Nationally in Many Categories: #1 US City for Manufacturers - Global Trade Magazine, #1 Metro in US for Affordability, Education & Growth Among Young Professionals - Pew Charitable Trust, #5 Top US Small Metros for Attraction & Expansion Projects - Site Selection Magazine, #1 US Small Metro for Manufacturers - Business Facilities Magazine, and #6 in US for Architectural Innovation and Design - American Institute of Architects. Columbus is the International HQ for Cummins, Inc. with $34.1 Billion in 2023 Revenue | #129 on Fortune 500. Columbus is an Affluent Bedroom Community of Indianapolis with $89,000 AHHI within 5 Miles of the Subject Property | Columbus MSA Includes 84,000 People with a Trade Area of 180,000. Property tours are available by appointment only. Please get in touch with the listing broker to schedule.

FOR SALE DETAILS

PRICE

$3,473,943 USD

PRICE/SF

$655 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C

APN/PARCEL ID

03-96-17-340-000.800-005

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
930-201-9198

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Damien YoderMarcus & MillichapMore Info
930-201-9198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.