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New,NNN Learning Experience|150k(5 miles) 658 Commerce Dr 10,000 SF 4-Star Retail Building Pickerington, OH 43147 $6,855,000 ($685.50/SF) 7% Cap Rate
Investment Highlights
- Brand New Construction (2026), Single-Tenant Location with The Learning Experience: Full 16 Years of Term Remaining with 10% Bumps in Year 7 & 12
- Ideal Demographics with 150,000+ People (5-Mile Radius) and Average Household Incomes of Approx. $135,000+ (3-Mile Radius)
- Directly Between U.S. Route 422 & Route 222 with a Combined Daily Traffic Count of Approx. 70,000 Vehicles Per Day
- Attractive 7.00% CAP Rate on NNN Lease Structure with No Daily Management Responsibilities
- Immediate Access to One of the Midwest’s Strongest Economies: Located Just 15 Miles Southeast of Downtown Columbus, the Fast-Growing State Capital
- Surging Family Growth: Positioned Within One of Central Ohio’s Fastest-Growing and Most Desirable Suburban Communities
Executive Summary
*Rapidly Expanding Trade Area: ~1,200 New Homes Planned Or Under Construction Across Pickerington, Including Sycamore Grove, Sycamore Springs, The Reserve At Pickerington Ponds, And The Retreat At Graystone, Driving Significant Growth In The Area's Family-Oriented Demographic
*Surging Family Growth: Positioned Within One of Central Ohio’s Fastest-Growing and Most Desirable Suburban Communities, Served by the Highly Regarded Pickerington Local School District (12,000+ Students and 1,300+ Faculty & Staff) with 7 Elementary Schools in a 5-Mile Radius, Supporting Long-Term Demand for Early Childhood Education Services
*Supported by a Diverse Employment Base Including OhioHealth, The Ohio State University (41,000+ Faculty & Staff), JPMorgan Chase (20,000+ Employees), Huntington Bancshares (10,400+ Employees), Nationwide Insurance (9,250+ Employees), Cardinal Health (5,700+ Local Employees), and Mount Carmel Health System (9,000+ Employees)
*Strong Healthcare Presence: Less Than One Mile from Recent $65 Million Expansion of OhioHealth Pickerington Methodist Hospital (96 Beds) and Less Than 10 Miles from Mount Carmel East (~400 Beds), While Columbus is Anchored by Nationwide Children’s Hospital and The Ohio State University Wexner Medical Center
*Surging Family Growth: Positioned Within One of Central Ohio’s Fastest-Growing and Most Desirable Suburban Communities, Served by the Highly Regarded Pickerington Local School District (12,000+ Students and 1,300+ Faculty & Staff) with 7 Elementary Schools in a 5-Mile Radius, Supporting Long-Term Demand for Early Childhood Education Services
*Supported by a Diverse Employment Base Including OhioHealth, The Ohio State University (41,000+ Faculty & Staff), JPMorgan Chase (20,000+ Employees), Huntington Bancshares (10,400+ Employees), Nationwide Insurance (9,250+ Employees), Cardinal Health (5,700+ Local Employees), and Mount Carmel Health System (9,000+ Employees)
*Strong Healthcare Presence: Less Than One Mile from Recent $65 Million Expansion of OhioHealth Pickerington Methodist Hospital (96 Beds) and Less Than 10 Miles from Mount Carmel East (~400 Beds), While Columbus is Anchored by Nationwide Children’s Hospital and The Ohio State University Wexner Medical Center
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$480,000
|
$48.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $480,000 |
| Annual Per SF | $48.00 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$6,855,000
Price Per SF
$685.50
Cap Rate
7%
NOI
$480,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.78 AC
Amenities
- Courtyard
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- The Learning Experience
- Educational Services
- 10,000 SF
- $48.00
- Triple Net
- May 2042
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| The Learning Experience | Educational Services | 10,000 SF | $48.00 | Triple Net | May 2042 |
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-11166-100 | Improvements Assessment | $0 (2025) |
| Land Assessment | $185,220 (2025) | Total Assessment | $185,220 (2025) |
Property Taxes
Parcel Number
04-11166-100
Land Assessment
$185,220 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$185,220 (2025)
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New,NNN Learning Experience|150k(5 miles) | 658 Commerce Dr
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