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5280 W Broad St
Columbus, OH 43228

Advance Auto Parts (Recent Extension) · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
5,489 SF
Building Class
B
Year Built
1998
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.69 AC
Zoning
C - Commercial
Parking
30 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
84 ft on Maple Dr

Amenities

  • Pylon Sign
  • Signage

About 5280 W Broad St , Columbus, OH 43228

Marcus & Millichap is pleased to present the Advance Auto Parts located at 5280 West Broad Street in Columbus, Ohio. The offering consists of a 5,675-square foot single tenant, freestanding building on approximately 0.52 acres. The subject property was built in 1998, build-to-suit for the tenant. The tenant has occupied the property for over twenty-years and recently extended their lease for an additional five-years. There are nearly six-years of term remaining on the double-net (NN) lease, with two, five-year renewal options. The subject property is located in a growing submarket of Columbus, Ohio, with over ten percent population growth since 2000 within a three-mile radius. There are over 193,300 residents, more than 155,000 employees and average incomes in excess of $67,100 annually within a five-mile radius. The submarket is a dense area with over 74,100 rooftops, along with significant medical, retail, entertainment development within close proximity of subject property. The site is located along West Broad Street, a major east/west corridor with over 26,800 cars per day. West Broad Street was recently expanded to ease traffic flow to Interstate-270. The property is one-mile west of Interstate-270, a major highway that has over 93,000 cars per day and two-miles south of Interstate-70, with traffic counts in excess of 112,600 cars per day. The subject property is surrounded by multiple major traffic drivers, such as Ohio Health Doctors Hospital with 213 beds, Hollywood Casino with 2.9 Million visitors annually, Kroger, Giant Eagle and over five million square feet of industrial and distribution centers, including Big Lots! Corporate Offices with 400 employees (2.4 Million square feet). There are several schools nearby, including Prairie Norton Elementary, Norton Middle School and Westland High School. The local corridor is experiencing growth and development, including new apartments that are under construction and proposed office/medical projects.   This opportunity provides an investor a stable low price point investment opportunity with below market rent and an investment grade credit tenant with over twenty years of successful operation in a mature growing submarket in the State Capital, Columbus, Ohio.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
240-006738
Land Assessment
£83,463
Improvements Assessment
£148,079
Total Assessment
£231,543
  • Listing ID: 11998339

  • Date on Market: 21/03/2018

  • Last Updated:

  • Address: 5280 W Broad St, Columbus, OH 43228

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