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    1150 Dublin Road

    Columbus, OH 43215
    • $2,376,000
    • STATUS: Active
    • ON SITE: 190 days
    • MLS #: 220008640
    UPDATED: 24 min ago
    $2,376,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $264
      $/SQFT
    Type:
    Commercial
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    Description

    Essential Retailer. 6.25% Cap Rate. Approx 16.42% ROE with 20% down. Single tenant absolute net leased Rite Rug. Hard corner, signalized intersection, 21,172 ADT. Rite Rug is the 5th largest flooring retailer in the country with 33 locations & the largest privately held flooring company in the country. 10. years lease term remaining with annual 1.5% rent escalations starting 3/17/2021 & includes the renewal options. Absolute NNN lease with no landlord responsibilities. Completely renovated (2014-2015): new roof, HVAC, electric plumbing, restrooms, fixtures, lighting, storefront windows/entry doors, flooring, interior & parking lot. Strong infill location, dense demographics, major national retailers in the immediate trade area include Starbucks, Wendy's, Tim Hortons, BP, Smokehouse Brew

    Monthly Payment Calculator

    © 2020 Columbus Board of Realtors MLS, Inc. All rights reserved. IDX information deemed reliable but not guaranteed. Data last updated 2020-09-27T22:51:25.977.
    www.susannecasey.com/homes/104330973
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    1150 Dublin Road Columbus, OH 43215

    • Price: $2,376,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 220008640
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    9,000
    SQFT
    $264
    $/SQFT
    1965
    Built
    County:
    Franklin
    Area:
    Columbus
    Property Description
    Essential Retailer. 6.25% Cap Rate. Approx 16.42% ROE with 20% down. Single tenant absolute net leased Rite Rug. Hard corner, signalized intersection, 21,172 ADT. Rite Rug is the 5th largest flooring retailer in the country with 33 locations & the largest privately held flooring company in the country. 10. years lease term remaining with annual 1.5% rent escalations starting 3/17/2021 & includes the renewal options. Absolute NNN lease with no landlord responsibilities. Completely renovated (2014-2015): new roof, HVAC, electric plumbing, restrooms, fixtures, lighting, storefront windows/entry doors, flooring, interior & parking lot. Strong infill location, dense demographics, major national retailers in the immediate trade area include Starbucks, Wendy's, Tim Hortons, BP, Smokehouse Brew
    Exterior Features

    Construction Masonry Docks 0.00 Drive In Doors 1.00 Total Parking 32.00

    Interior Features

    Bldg Sq Ft 9000.00 Floors Above Ground 1.00 Heat Fuel Gas Max Cont Sqft Avail 9000.00 Minimum Sq Ft Available 9000.00

    Property Features

    Auction No Between Street1 N Of Grandview Ave Between Street2 @ Sec Of Urlin Ave Commercial Sub Type Retail Corp Limit Per Auditor Columbus Dist To Interchange 0.33 Financials Effective Income 148500.00 Financials For Year Of 2020 Financials Gross Rental Income 148500.00 For Exchange Yes For Lease No For Sale Yes Mult Use Retail Near Interchange I-670/Grandview Ave New Financing Conventional Occupancy Rate 100 Services Available ElectricGasSanitary SewerStorm SewerWater Tax District 010 Tax Incentive No Tax Year 2019 Taxes Yearly 27743.00 Tenant Contracts Directly All Tenant Reimburses Landlord All Township None Use Code 429 - OTHER RETAIL STRUCTURES Year Remodeled 2015 Zoning M

    Listing provided courtesy of Douglas T Tenenbaum of Her, Realtors
    © 2020 Columbus Board of Realtors MLS, Inc. All rights reserved. IDX information deemed reliable but not guaranteed. Data last updated 2020-09-27T22:51:25.977.
     
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    Keller Williams Capital Partners
    100 E Wilson Bridge Road
    Columbus OH, 43085