23591 US 23 S
Circleville, OH 43113
Retail Property For Sale

INVESTMENT HIGHLIGHTS: LONG-TERM NATIONAL LEASES - Pickaway Crossing features long-term NNN leases with National tenants including Gordman’s, Anytime Fitness, and Shoe Sensation. The current weighted average remaining lease term is 8.6 years, providing an investor with a stable yet accretive income stream for years to come. IDEALLY LOCATED WITH GREAT VISIBILITY AND CLOSE PROXIMITY TO COLUMBUS - The Property is ideally positioned along U.S. Highway 23 (29,000+ VPD), the main artery running through the Circleville sub-market, along with being a short drive away from the booming downtown Columbus. Sitting in the heart of the retail corridor, with great viability and signalized access off U.S. Highway 23, the center is positioned to continue to thrive long into the future. HIGHLY DESIRABLE DAILY TRAFFIC GENERATING SHADOW ANCHORS - Pickaway Crossing not only benefits from its strong tenant line-up and traffic generators of Gordman’s, Anytime Fitness, and Shoe Sensation, but also from the highly desirable shadow anchors of Aldi and Rural King driving significant additional traffic to the center on a daily basis. In addition to Aldi and Rural King, the Property is located across the street from a WalMart Supercenter – the only WalMart Supercenter in a 16 mile radius. The combination of Aldi, Rural King, and WalMart not only make this the dominant retail corridor in the sub-market, but will also continue to provide significant daily cross traffic for Pickaway Crossing for many years to come. STRONG RECENT LEASING MOMENTUM - The Property has experienced strong recent leasing momentum over the last 12 months inking new 10-year leases with Anytime Fitness (Expires 8/2029), Show Sensation (Expires 9/2028), and Hokkaido Sushi & Habachi (Expires 9/2028), as well as an early extension with Gordman’s taking their lease expiration out till January 2029. Additionally, an early extension was also executed with PBS Animal Health taking their term through March 2026. The recent leasing momentum is not only indicative of the quality of the real estate within the sub-market and the tenant’s desire to be here, but also helps provide an investor with an extremely durable long-term income stream with built-in future rent growth. RARE OPPORTUNITY ZONE DESIGNATION - Pickaway Crossing also happens to be located within an Opportunity Zone, providing an investor with great flexibility and potential tax benefits in the long-term hold period. FREE & CLEAR - The Property is being offered “free and clear” of any existing debt, providing a buyer with a fantastic opportunity to obtain historically attractive financing.