125-155 Deo Dr
Newark, OH 43055
Mt. Vernon Crossing · Office/Retail Property For Lease · 107,392 SF

https://www.crexi.com/lease/properties/71745/ohio-mt-veron-crossing HIGHLIGHTS Explosive population growth around the subject property & in Licking County in general due to: — INTEL is only 20 miles away — Construction has begun for INTEL’s $28 billion computer chip manufacturing facility a year ago creating 10,000 jobs — INTEL spans a 1000 acre mega-site (of Jersey Township land annexed into New Albany, just south of Johnstown) beginning with two new leading-edge INTEL processor chip factories in Licking County. The mega-site can accommodate a total of eight chip factories as well as supporting operations and ecosystem partners — When it is built out, it will be the largest INTEL chip fabrication plant in the world — INTEL production is coming online in 2026 — AMAZON purchased 392 acres - AMAZON WEB SERVICES (AWS) to spend $7.8 billion to expand data operations in Licking County — FACEBOOK META purchased 345 acres - FACEBOOK META is investing $1.5 billion to expand their operations in Licking County — GOOGLE purchased 447 acres - GOOGLE is investing $1.7 billion to expand their operations in Licking County on top of $2 billion the tech giant has already spent on those facilities — MICROSOFT purchased 289 acres - MICROSOFT plans to build a data center there — Pharmaceutical AMGEN is investing $500 million in Licking County — 2023 population of Licking County is 182,128 — It's estimated the population of the Columbus area will grow by 500,000 people in the next 15 years, many coming to fill jobs offered by major companies such as INTEL, GOOGLE, AMAZON, FACEBOOK, MICROSOFT, etc — A lot of people are relocating to the area around the subject property due to its high quality of life, low cost of living and booming job market — Just under 40 minutes from Columbus, OH — Columbus, OH has the most population growth out of any metropolitan in the US: https://614now.com/2024/culture/columbus-has-the-most-population-growth-out-of-any-metropolitan-in-u-s-heres-why Feb 7, 2024 - According to Bloomberg and analysis by The Bank of America, Columbus, Ohio had the highest growing population out of any “big” city in America in 2023, with a 1.1%+ population gain. Studies that show Columbus is gaining appeal to those who used to live in large, coastal cities – PolicyGenius ranked Columbus as the third best city for climate migration, and a recent Global Groundwork Index release compiled by Site Selection Magazine ranked Columbus, Ohio, as the #2 city in all of America for commerce, and Ohio in general as the #1 state for commerce. _________________________________________________________________________________________________ Local demographics in 5 mile Trade Area | Columbus MSA — $90,170 Average Household Income - Well Above the National Average --------------------------------------------------------------------------- AFFLUENT DEMOGRAPHICS ______________ 1 MILE ____ 3 MILE ___ 5 MILE __ 10 MILE ____ 15 MILE ___ 20 MILE __ _________________________________________________________________________________________________ POPULATION _________________________________________________________________________________________________ 2024 Estimate ___ 9,505 ____ 48,751 ___ 71,698 ___ 103,714 ____ 156,646 ___ 241,814 __ _________________________________________________________________________________________________ AVERAGE HOUSEHOLD INCOME _________________________________________________________________________________________________ 2024 Estimate __ $77,298 __ $78,780 __ $90,170 __ $104,023 __ $108,757 __ $117,768 __ _________________________________________________________________________________________________ The Kohl's and Planet Fitness Center is located in the heart of the retail corridor of Newark, strategically positioned to not only serve the needs of the Newark community, but also the surrounding communities of Granville, Heath, Pataskala and Buckeye Lake. It has excellent visibility and multiple points of ingress/egress. --------------------------------------------------------------------------- Located in the heart of the main Newark retail trade area along Deo Drive, which is 0.3 mile from 21st Street (32,800 VPD) and is less than 2 miles north of the State Highway 16 (47,200 VPD) on/off ramp & State Highway 79 (31,000 VPD), and is surrounded by a number of big box retailers including WalMart Supercenter, Kroger Marketplace, Home Depot, Tractor Supply, Big Lots and Aldi's. --------------------------------------------------------------------------- Surrounded by dense residential housing and retail, local educational and day-care facilities, small office buildings, restaurants and grocery stores. Surrounding retailers include: Super Walmart, Kohl's, Kroger Marketplace, Dollar Tree, Family Dollar, Tractor Supply, Home Depot, Aldi's, Big Lots, Pet Supplies Plus, McDonald's, Chipotle, Bob Evans, Walgreens, CVS, Aspen Dental, Subway, Rooster's, Stake n' Shake, Wendy's, Taco Bell, Donato's Pizza, O'Reilly Auto Parts, Autozone, Advance Auto Parts, etc. --------------------------------------------------------------------------- Deo Drive (Year 2021 ADT) = 12,969 vehicles/day Mt. Vernon Road, South of Deo Drive (Year 2021 ADT) = 19,514 vehicles/day North 21st Street (Year 2023 ADT) = 32,800 vehicles/day --------------------------------------------------------------------------- FAST FACTS A day's drive from 60% of the U.S. population and 50% of the Canadian population Easy access to more than 1 million regional workers 50 of the Fortune 5000 companies have a presence in Licking County Home to 17 public schools, 4 private schools, 3 universities, and 2 technical schools 1,600 acres of parks, 40+ miles of recreational trails