435 Polaris Pky - Freestanding FOR SALE
Westerville, OH 43082 |
$10,970,342 USD
216-777-2153
435 Polaris Pky
Westerville, OH 43082
HIGHLIGHTS
- Long-term leases with a WALT of ±5.3 years; all tenants have renewal options
- Built-in rent increases throughout ownership and during option periods for all tenants
- Internet-resistant tenant mix: fast-casual restaurants, salons, yoga studios, medical offices
- Avg household income of $143,162 within 3-mile radius; ±30,000 daytime employees nearby
- Built in 2020 — minimal near-term capital expenditures; passive investment opportunity
- End-cap drive-thru occupied by Rebol; surrounded by ±40 million annual visitors corridor
FOR SALE DETAILS
PRICE
$10,970,342 USD
PRICE/SF
$451 USD /SF
CAP RATE
6.2%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Polaris Westar Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
109
LAND DETAILS
LAND ACRES
3.45 AC
LAND SF
150,151 SF
ZONING
PD / w/ overlay
APN/PARCEL ID
317-333-01-003-018
ASK ABOUT THIS PROPERTY
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216-777-2153
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216-777-2153
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
