Sleep Number 3-Tenant Center | Columbus, IN | 1980 N National Rd
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Sleep Number 3-Tenant Center | Columbus, IN 1980 N National Rd
5,300 SF 100% Leased Retail Building Columbus, IN 47201 £2,970,979 (£561/SF) 6.55% Net Initial Yield
Investment Highlights
- New, Class A Construction | 100% Occupied | Target Shadow-Anchored Strip Center | Exposure to 47,261 VPD | 2.7M SF Retail Within 2 Miles
- Columbus is an Affluent Bedroom Community of Indianapolis | Average Household Income in 5 Miles is $89,000
- Stanton Optical & Sleep Number are Corporate Leases | Cricket Wireless is Relocation Site for Largest Authorized Retailer in US
Executive Summary
New, Class A Construction | 100% Occupied | Target Shadow-Anchored Strip Center
Strategically Located at Hard Corner Across from Target-Anchored Columbus Center | Columbus Center is Ranked Top 21% Nationwide for Community Centers with 3.5 Million Annual Visitors (per Placer.AI)
Perfect for 1031 Exchange or Passive Investor: All Landlord-Friendly Leases with NNN+Admin/Mgmt Passthrough
High Visibility/High Exposure Location: 47,261 Vehicles Per Day in Front of Center | Surrounded by 2.7 Million SF of Retail within 2 Miles
Excellent Inflation Hedge: Stanton Optical Maintains 3% Annual Rental Increases | Sleep Number and Cricket Wireless Each Have 10% Rental Increases Every 5 Years
Anchored by Sleep Number Corporate (NASADQ: SNBR) (2023 Revenue: $1.9 Billion)
Corporate Stanton Optical (273 Locations in 29 States | Cricket Wireless - Relocation Store for Largest Authorized Retailer in US with 450+ Locations
Retail Corridor Includes Several Top Performing Tenants (Visits per Placer.AI): Top 2% McDonalds in US, Top 4% Kroger in US, #2 Rural King in Indiana, Top 8% Wendy’s in US, Top 6% Taco Bell in US, Top 3% Dairy Queen in US, Top 4% Burger King in US
As a City, Columbus Ranks Nationally in Many Categories: #1 US City for Manufacturers – Global Trade Magazine, #1 Metro in US For Affordability, Education & Growth Among Young Professionals – Pew Charitable Trust, #Top 5 US Small Metros for Attraction & Expansion Projects – Site Selection Magazine, #1 US Small Metro for Manufacturers – Business Facilities Magazine, #6 in US For Architectural Innovation and Design – American Institute of Architects
Columbus is International HQ for Cummins, Inc. with $34.1 Billion in 2023 Revenue | #129 on Fortune 500
Columbus is an Affluent Bedroom Community of Indianapolis with $89,000 AHHI within 5 Miles of Subject Property | Columbus MSA Includes 84,000 People with a Trade Area of 180,000
Strategically Located at Hard Corner Across from Target-Anchored Columbus Center | Columbus Center is Ranked Top 21% Nationwide for Community Centers with 3.5 Million Annual Visitors (per Placer.AI)
Perfect for 1031 Exchange or Passive Investor: All Landlord-Friendly Leases with NNN+Admin/Mgmt Passthrough
High Visibility/High Exposure Location: 47,261 Vehicles Per Day in Front of Center | Surrounded by 2.7 Million SF of Retail within 2 Miles
Excellent Inflation Hedge: Stanton Optical Maintains 3% Annual Rental Increases | Sleep Number and Cricket Wireless Each Have 10% Rental Increases Every 5 Years
Anchored by Sleep Number Corporate (NASADQ: SNBR) (2023 Revenue: $1.9 Billion)
Corporate Stanton Optical (273 Locations in 29 States | Cricket Wireless - Relocation Store for Largest Authorized Retailer in US with 450+ Locations
Retail Corridor Includes Several Top Performing Tenants (Visits per Placer.AI): Top 2% McDonalds in US, Top 4% Kroger in US, #2 Rural King in Indiana, Top 8% Wendy’s in US, Top 6% Taco Bell in US, Top 3% Dairy Queen in US, Top 4% Burger King in US
As a City, Columbus Ranks Nationally in Many Categories: #1 US City for Manufacturers – Global Trade Magazine, #1 Metro in US For Affordability, Education & Growth Among Young Professionals – Pew Charitable Trust, #Top 5 US Small Metros for Attraction & Expansion Projects – Site Selection Magazine, #1 US Small Metro for Manufacturers – Business Facilities Magazine, #6 in US For Architectural Innovation and Design – American Institute of Architects
Columbus is International HQ for Cummins, Inc. with $34.1 Billion in 2023 Revenue | #129 on Fortune 500
Columbus is an Affluent Bedroom Community of Indianapolis with $89,000 AHHI within 5 Miles of Subject Property | Columbus MSA Includes 84,000 People with a Trade Area of 180,000
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,300 SF
Building Class
B
Year Built
2024
Price
£2,970,979
Price Per SF
£561
Net Initial Yield
6.55%
NOI
£194,599
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Land Acres
0.46 AC
Zoning
C - Commercial
Parking
18 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03-96-17-340-000.800-005 | Improvements Assessment | £266,786 |
| Land Assessment | £282,587 | Total Assessment | £549,373 |
PROPERTY TAXES
Parcel Number
03-96-17-340-000.800-005
Land Assessment
£282,587
Improvements Assessment
£266,786
Total Assessment
£549,373
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Sleep Number 3-Tenant Center | Columbus, IN | 1980 N National Rd
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