6525 Sawmill Rd
Dublin, OH 43017
Retail Property For Sale

Absolute NNN 15-Yr. Goodwill | 6.4% CAP| All Brick The 100% fee simple interest in the single-tenant Goodwill location in located in the desirable and upscale community of Dublin/Columbus, Ohio. The property is being offered for $4,470,000, representing a 6.40% CAP Rate and was completely redeveloped to accommodate Goodwill, who hand-picked this particular location for its relocation and expansion to 22,000 S.F. The store was previously located in a 9,400 S.F. space nearby on Sawmill Road where it was already a top performing location for all of Central Ohio. Goodwill' s lease just commenced April 1, 2017 on a new 15-year Absolute NNN structure extending them through 2032 with two rental increases during the original term. The property has undergone a complete redevelopment with a new drive-thru to service Goodwill, along with a new parking lot with LED lighting, new landscaping, a new roof with a 15-year transferable warranty, three new 12.5-ton HVAC units with warranties and significant interior build-outs. The center is surrounded by an economically strong residential community with average household incomes of just over $112,000 and a whopping population of close to 207,000 residents within 5-miles. The Dublin School district is one of Ohio's highest achieving districts, rated recently as high as #2 in the State of Ohio. It also boasts two other well-known, national retailers that are each separately owned and parceled, providing the area with complimentary tenants. The property is home to Big Lots (NYSE: BIG/S&P BBB ), and Toys R Us. Additionally, Kentucky Fried Chicken and Boston Market restaurants pads to the center further enhancing traffic flow. The all brick, 22,000 S.F. location is positioned in an irreplaceable location directly off I-270 in the middle of the retail corridor. The Dublin area is home to more than 3,000 businesses with strict building requirements from the city, making it a high barrier to entry community. The center is located directly in front of a Lowe' s and directly across from Whole Foods, Nordstrom Rack, DSW, Ashley Furniture, Hobby Lobby, Advance Auto Parts, Mattress Firm, Starbucks, Panera, and many more complimentary tenants.