6201 Broad StColumbus, OH 43213

Property Details for 6201 Broad St

Lot size

0.47 AC

Property type

Retail properties

Property subtype

Drug stores

APN

010-015883

APU

10015883

Description

This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Columbus, Ohio, fully occupied by a credit-rated Walgreens under an absolute NNN lease with a corporate guarantee. The 14,618 square foot building, constructed in 2007, boasts a strong sales history and benefits from a highly visible, signalized corner location on E Broad St, near major highways including I-270 and John Glenn Columbus International Airport (within 5.9 miles). The lease, expiring May 30, 2032, offers a remaining term of 7.5 years with fifty, one-year options. The property features a current NOI of $432,820, resulting in a 7.30% cap rate and a price per square foot of $405.66. The asking price is $5,930,000. An assumable loan with a 3.82% interest rate is available (see offering memorandum for details). All property maintenance is the tenant's responsibility. The property is situated near Mount Carmel East Hospital (0.5 miles). The property's APN is 010-008898. This is a 1031 exchange eligible property.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9798

Longitude

-82.8367

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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