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7520 High Cross Blvd 7,657 SF Retail Building Columbus, OH 43235 $3,631,261 ($474.24/SF) 9.75% Cap Rate
Investment Highlights
- High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 9.75%.
- Attractive Rental Increase – 3.00% annual rent escalations offer a built-in hedge against inflation and long-term income growth.
- Absolute NNN Lease – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- Situated on a 1.8-acre parcel, offering strong long-term real estate value and future redevelopment potential.
Executive Summary
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,657 SF
Building Class
B
Year Built/Renovated
1998/2023
Price
$3,631,261
Price Per SF
$474.24
Cap Rate
9.75%
NOI
$354,096
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.80 AC
Opportunity Zone
Yes
Parking
150 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
186’ on High Cross Blvd
Amenities
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Elevated Growth
- Retailer
- 6,792 SF
- $47.70
- Triple Net
- Sep 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Elevated Growth | Retailer | 6,792 SF | $47.70 | Triple Net | Sep 2032 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 610-244101 | Improvements Assessment | $226,350 |
| Land Assessment | $154,040 | Total Assessment | $380,390 |
Property Taxes
Parcel Number
610-244101
Land Assessment
$154,040
Improvements Assessment
$226,350
Total Assessment
$380,390
Contacts
-
Alexander Machado -
Daniel Gonzalez -
Ben Snyder -
Harrison Groom -
Matthews Real Estate Investment Services
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7520 High Cross Blvd
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