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Aspen Dental 3460 S High St 4,114 SF Retail Building Columbus, OH 43207 $3,090,000 ($751.09/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High quality medical buildout
- Strong Demographics (3-Mile Radius)
- Internet resistant tenant
- Strong traffic counts of 26,229 VPD
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present a corporate Aspen Dental with 8.5+ years remaining on lease. The NN+ lease provides investors with a long-term, reliable income stream with contractual rent increases and minimal landlord responsibilities. Located in possibly the most desired Midwest market, Aspen Dental is strategically located on the heavily traveled S High Street (26,000+ VPD) with immediate access to I-270 and just 8 minutes from downtown Columbus. The property is being offered at an asking price of $3,090,000 which equates to a 6.5% cap rate on current rent.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,114 SF
Building Class
C
Year Built
2023
Price
$3,090,000
Price Per SF
$751.09
Cap Rate
6.50%
NOI
$200,968
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.63 AC
Zoning
CAC - Community Activity Center
Parking
26 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
209’ on U.S. 23
AMENITIES
- Signage
- Monument Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 010-111434 | Improvements Assessment | $286,620 |
| Land Assessment | $76,200 | Total Assessment | $362,820 |
PROPERTY TAXES
Parcel Number
010-111434
Land Assessment
$76,200
Improvements Assessment
$286,620
Total Assessment
$362,820
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Aspen Dental | 3460 S High St
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