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2415 N National Rd 4,161 SF 100% Leased Retail Building Columbus, IN 47201 $1,826,500 ($438.96/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Veritas Realty is pleased to present the sale listing of a two-tenant retail center in Columbus, IN. This property is located in the heart of the retail corridor and surrounded by national tenants such as Target, WalMart Supercenter, Kroger Marketplace, Lowe's, Walgreens, Starbucks, Panera Bread, Chipotle, Ulta Beauty, T.J. Maxx, Chick-Fil-A, Petco, Hobby Lobby, Best Buy, and many more. The retail center is located on N National Rd, which is the main North & South thoroughfare in the market, seeing an average of 29,818 cars daily. Because of its great placement and visibility, the center was able to attract both T-Mobile and Hot Box Pizza (first location in this market). T-Mobile is a world-leader in the telecom industry with over 75,000 employees and a 2024 Revenue of $81.4 Billion. Hot Box Pizza is a staple in Central Indiana with 22 existing locations and a reputation for the best pizza and breadsticks in the area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,161 SF
Building Class
C
Year Built
2006
Price
$1,826,500
Price Per SF
$438.96
Cap Rate
6.50%
NOI
$118,731
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.54 AC
Zoning
CC
Parking
32 Spaces (7.69 Spaces per 1,000 SF Leased)
Frontage
237’ on N National Road
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Hot Box Pizza
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hot Box Pizza | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 03-96-17-310-002.800-005 | Improvements Assessment | $473,900 |
| Land Assessment | $536,300 | Total Assessment | $1,010,200 |
PROPERTY TAXES
Parcel Number
03-96-17-310-002.800-005
Land Assessment
$536,300
Improvements Assessment
$473,900
Total Assessment
$1,010,200
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2415 N National Rd
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