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133 Huber Village Blvd 99,380 SF Retail Building Westerville, OH 43081 $7,350,000 ($73.96/SF) 8.50% Cap Rate
Investment Highlights
- Adjacent to West Park Plaza: 216,000 SF community shopping center (includes Kohl’s), anchored by Marc’s Grocery and Planet Fitness.
- Nearby Retailers: Kroger, Walmart, ALDI, Chase, McDonald’s, Panera, Starbucks, Chipotle, Wendy’s, Sherwin Williams, PNC Bank, City Barbecue, and more.
- Traffic Counts: Interstate 270 (151,000 vehicles/day), S. State Street (42,000 vehicles/day)
- Retail Submarket: Westerville Retail Submarket, 9.4 million SF inventory, 2.7% vacancy, average asking rent $19.77 PSF Net.
Executive Summary
-Guarantor: Kohl’s Department Store, Inc (Corporate Guaranty)
-Taxes: Tenant pays directly to municipality.
-Landlord Responsibilities: Responsible for CAM (Common Area Maintenance), but costs are reimbursed by the tenant. CAM includes maintenance, repairs, landscaping, insurance, security, and compliance with government requirements. Capital expenditures over $25,000/year are amortized.
-Taxes: Tenant pays directly to municipality.
-Landlord Responsibilities: Responsible for CAM (Common Area Maintenance), but costs are reimbursed by the tenant. CAM includes maintenance, repairs, landscaping, insurance, security, and compliance with government requirements. Capital expenditures over $25,000/year are amortized.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
99,380 SF
Building Class
B
Year Built
1974
Price
$7,350,000
Price Per SF
$73.96
Cap Rate
8.50%
NOI
$624,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
10.22 AC
Zoning
CC - Community Commercial
Parking
200 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
720’ on Huber Village Blvd
Nearby Major Retailers
Property Taxes
| Parcel Number | 080-011588 | Improvements Assessment | $1,186,820 |
| Land Assessment | $685,800 | Total Assessment | $1,872,620 |
Property Taxes
Parcel Number
080-011588
Land Assessment
$685,800
Improvements Assessment
$1,186,820
Total Assessment
$1,872,620
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133 Huber Village Blvd
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