6065 Central College RdNew Albany, OH 43054

Property Details for 6065 Central College Rd

Year built

2022

Lot size

2.88 AC

Property size (Sq ft)

15,072 SF

Property type

Retail properties

Property subtype

Retail space

APN

010-286890

APU

10286890

Description

This exceptional Class A retail property, the Bubbly Food Hall, presents a compelling investment opportunity. Located at 6065 Central College Rd, New Albany, OH 43054, this 45,216 square foot, single-story building sits on a 9.05-acre lot and boasts a diverse mix of eight fully occupied QSR/Fast Food and Restaurant tenants. Built in 2022, the property features modern amenities and ample parking. The Modified lease structure has a remaining term of 5 years, ensuring stable cash flow. The property benefits from its prime location in a rapidly growing area of New Albany, a suburb of Columbus, Ohio, with a population of 169,000 within a 5-mile radius and a consistent annual growth rate. Its proximity to the new Intel semiconductor facility and major highways further enhances its appeal. The LC4 zoning allows for a variety of uses. This stabilized investment, listed at $6,900,000, offers a turnkey solution for investors seeking a high-return asset in a thriving market. The tenant mix includes popular dining concepts such as Bubbly Bar, Cheesecake Girl, Hibatchi Run, Dhaba Kitchen, El Burrito Bowl, Kiku Sushi Bar, Crunchick, and Seoul Food. This property is an excellent opportunity for long-term appreciation in a desirable location with strong market fundamentals.

• CAP approach

  CAP return

  Valuation

  6%

  $4,213,534

  6.5%

  $3,889,416

  7%

  $3,611,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,552,784

  Geo Method

  $3,552,784

• Alternative Use

  Use

  Valuation

  Residential

  $3,280,868

  Hospitality

  $3,005,258

  Educational

  $2,500,339

  Medical

  $2,586,330

  Retail

  $3,889,416

Location Insight

City

New Albany

County

Franklin

State

Ohio

Latitude

40.0981

Longitude

-82.828

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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