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1380 S Fourth St 2,570 SF Retail Building Columbus, OH 43207 $582,500 ($226.65/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding Giant Eagle Pharmacy in Columbus, OH
- Tenant Recently Exercised their 5-Year Option (with $1/SF Rent Increase) AS-IS with No Negotiating
- $1/SF Rent Increase in Next Option Adds 44 bps to CAP Rate
- 5.5 Years Remaining on Double Net Lease
- Substantial Renovations Completed in 2020 when Giant Eagle took Occupancy
- Walkable & Drivable Neighborhood “Corner Store” Setting; Ample Parking on Parcel
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
2,570 SF
Building Class
B
Year Built
1972
Price
$582,500
Price Per SF
$226.65
Cap Rate
7.50%
NOI
$43,690
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.23 AC
Zoning
C4
Parking
14 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
68’ on S 4th St
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 010-033432 | Improvements Assessment | $21,630 |
| Land Assessment | $24,330 | Total Assessment | $45,960 |
PROPERTY TAXES
Parcel Number
010-033432
Land Assessment
$24,330
Improvements Assessment
$21,630
Total Assessment
$45,960
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1380 S Fourth St
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