For Sale
$2,214,704

459 Agler Rd Gahanna, OH 43230

Family Dollar & AutoZone Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a fee-simple interest in a 21,636-square-foot retail building situated on 2.077 acres in Gahanna, Ohio. The property is 100% occupied by two investment-grade tenants, Family Dollar and AutoZone, under long-term net leases with minimal landlord responsibilities. The leases commenced January 1, 2014, and currently have approximately 3.4 years remaining, with five 5-year renewal options at a 10% rent increase per option. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $177,176, based on an asking price of $2,214,704. Built in 1967, this multi-tenant property benefits from its prime location on Agler Road in Gahanna, offering excellent visibility and proximity to major transportation routes, including U.S. Route 62 and John Glenn Columbus International Airport. The property is situated within a thriving retail corridor and enjoys strong demographics, with a population of 65,834 within a three-mile radius and an average household income of $92,124 within one mile. The property's parcel number is 025-007165. This offering provides a compelling combination of strong tenants, a favorable lease structure, and a desirable location within a robust market. The price per square foot is $102.36.

Highlights

  • Columbus MSA Investment Opportunity
  • Passive Income Shopping Center with Net Leases
  • Strong Tenant Roster, Investment-Grade Retailers
  • High Residual Value, Low Rent per Square Foot
  • Excellent Visibility on US Route 62
  • Near John Glenn Columbus International Airport

Property Details for 459 Agler Rd

Property type
Lifestyle centers, Power centers
Square Feet
21,636 SF
Year Built
1967
Lot Size (sq. ft)
90,474 SF

Location Insight

City
Gahanna
County
Franklin
State
Ohio
Latitude
40.0189071
Longitude
-82.8937536

FAQs

What type of property is this?
Lifestyle center - Family Dollar & AutoZone Net Lease
Where is the lifestyle center located?
The property is located at 459 Agler Rd Gahanna, OH.
What is the asking price?
The asking price for this property is $2,214,704.
What are key features of this property?
This property features: Columbus MSA Investment Opportunity; Passive Income Shopping Center with Net Leases; Strong Tenant Roster, Investment-Grade Retailers
How can I contact the broker?
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459 Agler Rd
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