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INVESTMENT HIGHLIGHTS
Columbus MSA Acquisition Opportunity | The Property presents a rare opportunity to acquire an investment asset within the Columbus metropolitan area, the second-largest MSA in the state with a population of 2.1+ million. Columbus is the capital of and the largest city in the state of Ohio, the second-largest city in the Midwest, and the 14th-largest city in the nation.
Highly Passive Shopping Center Net Leases | Family Dollar and AutoZone are operating under highly passive shopping center net leases with limited landlord responsibilities, allowing potential investors to acquire a passive income investment asset with stable cash flows.
Best-in-Class Tenant Mix with Investment Grade Retailers | The Property is leased to two (2) national retailers; Family Dollar and AutoZone. Family Dollar is one of the nation’s largest chains of dollar stores with more than 8,000 locations, and a parent company, Dollar Tree, Inc. (NASDAQ: DLTR), that reported FY2024 revenues of more than $30.6 billion and holds an investment grade credit rating of BBB/Stable (S&P). AutoZone, Inc. (NYSE: AZO), is the nation’s leading retailer and distributor of automotive replacement parts and accessories. AutoZone operates 7,140 stores in all 50 states, reported FY2023 total revenues of $17.45+ billion, and currently holds an investment grade credit rating of BBB/Stable.
High Residual Value with Low Rent PSF | Tenants are paying an average rent of $8.43/SF, providing high residual value and an excellent opportunity to grow rents in the future.
Excellent Visibility Adjacent to U.S. Route 62 | The Property benefits from being located adjacent to U.S. Route 62 (100,400+ VPD), a primary highway for the metropolitan area that feeds into Interstate 270 (143,873 VPD) connecting Gahanna to Downtown Columbus.
Proximity to John Glenn Columbus International Airport | The Property is uniquely positioned three (3) miles north of the John Glenn Columbus International Airport (“CMH”), which saw 8.7 million passengers in 2023 (12% increase from 2022).
Strong Surrounding Retail Corridor | The Property benefits from being located in a strong surrounding retail corridor with several national retailers nearby including: CVS Pharmacy, McDonald’s, Speedway, O’Reilly Auto Parts, Tim Horton’s, and Little Caesars, among several others.
Dense & Affluent Demographics | The Property boasts exceptional surrounding demographics with a three (3) mile population base of 65,834 and one (1) mile average household income of $92,124.
