981-1015 North Bridge St - Department Store FOR SALE
Chillicothe, OH 45601 |
$6,910,000 USD
216-503-3607
981-1015 North Bridge St
Chillicothe, OH 45601
HIGHLIGHTS
- Kroger and Lowe’s Shadow Anchored Center | Significant Daily Traffic Drivers | Dominant National Tenants | High Performance Kroger & Lowe’s
- 85% of Rental Income Derived from Hobby Lobby, Home Buys and Verizon | 6 Years of Weighted Avg. Lease Term (WALT) | Hobby Lobby
- Significantly Under-Market Rents | Annual Base Rent = $6.35 PSF | Mark-to- Market Opportunity | Hobby Lobby Paying $4.86 PSF and Home Buys
- Ideal Location in the Heart of the Retail Corridor | Excellent Accessibility and Visibility | Ease of Management With Only 4 Tenants
- Primely Situated approximately 1 hour from Columbus and 1.5 hours from Cincinnati
FOR SALE DETAILS
PRICE
$6,910,000 USD
PRICE/SF
$72 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chillicothe Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
14.25 AC
LAND SF
620,730 SF
ZONING
Corridor Commercial
APN/PARCEL ID
30-54-59-023.000,30-54-59-024.000,30-54-59-025.000
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216-503-3607
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216-503-3607
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