Westerville, OH Retail Property For Sale

Investment Highlights:

95% occupied retail center (1 vacancy as of 11/30/20 - 1,100 SF unit)

Diverse rent roll and stable cash flow from mostly local, long term tenants

New roof with 20 year warranty

Location near heavily populated neighborhoods of Westerville and NE Columbus

Property Description:

22,300 SF on 3.8 acres

12 retail units ranging from 1,100 SF to 4,700 SF

Franklin County Parcel #600-148041-00

Center built in 1976 with over 100 dedicated parking spaces

Main access and secondary egress on Westerville Road

High visibility monument signage

Autozone, located in front of the center, and adjacent, nationally renowned Iron Pony Motorsports 100,000+ SF facility, draw great traffic (neither included in sale)

1/4 mile north of SR 161

Average daily traffic counts in front of center 20,000+ VPD

Former Bob Evans. Main entrance to Westerville. I-270 Highway signage East and West bound. First homeward bound traffic light north of I-270 on the going home side. 2,000 amp's 120 to 480 volt 3 phase. Great opportunity for a wide variety of uses.

West Albany Crossing is a 6.4 acre mixed-use development in Westerville, Ohio. Located in a strong retail market with great demographics, this new retail development will service some of the most affluent communities in one of the fastest growing sub markets in Columbus. It is less than 1 mile from SR-161 (55,000 cars/day) and 3.5 miles from I-270. The site is caddy corner from the newly acquired CVS development and is surrounded by thousands of new apartments within a 1 mile radius. The quickly developing Hamilton Quarter Project, less than one mile south of West Albany Crossing, will feature 700,000 SF of new office space, 800 multi-family units, and 130 senior housing units. In addition, roadway improvements will be completed to Warner and Hamilton Roads creating a projected 20,000 cars/day along Hamilton Road by 2018!