2415 N National Rd - Freestanding FOR SALE
Columbus, IN 47201 |
$1,744,700 USD
612-432-9935
2415 N National Rd
Columbus, IN 47201
HIGHLIGHTS
- Occupying ~51% of the property under a corporate lease with ~5 years of firm term remaining.
- HotBox Pizza operates at a sub-5% rent-to-sales ratio, demonstrating strong unit-level performance and a healthy occupancy cost.
- Both tenants feature meaningful rent growth in their renewal options. T-Mobile has 10% increases in each of its 2, 5-year options.
- Positioned along N National Road with 23,498 VPD, surrounded by Target, Kroger, Walgreens, CVS, TJ Maxx, and numerous other national retailers.
- More than 47,900 residents within 5 miles, with an average household income of ~$90,552 within 3 miles.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the T-Mobile & Hotbox Pizza in Columbus, IN. This property consists of a 4,161 SF, 100% occupied, 2-tenant retail center located at 2415 N National Road in Columbus, IN. The property offers attractive contractual rent growth, with T-Mobile featuring 10% increases in each of its 2, 5-year renewal options, while HotBox Pizza provides a $4 PSF increase, representing ~18% growth. This built-in rent growth provides investors with strong long-term income upside.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,744,700 USD
PRICE/SF
$411 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
T-Mobile & HotBox Pizza - Columbus, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Restaurant, Storefront, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.54 AC
LAND SF
23,522 SF
ZONING
CC
APN/PARCEL ID
03-96-17-310-002.800-005
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612-432-9935
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612-432-9935
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