1391 Main StColumbus, OH 43205

Property Details for 1391 Main St

Year built

2012

Lot size

0.90 AC

Property size (Sq ft)

9,504 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

010-038945

APU

10038945

Description

This Columbus, Ohio retail property offers a compelling investment opportunity. The 9,002 square foot building, constructed in 2012, is situated on a 0.92-acre lot at 1391 E Main St, in the 43205 zip code. Currently 100% occupied by a Dollar General store under an absolute NNN lease with a corporate guarantee, the property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $107,814. The lease, originally commencing November 30, 2012, has a remaining term of 3 years, with three (5) year lease options, each including a 10% rent bump. The property benefits from high traffic counts exceeding 15,500 vehicles daily and is strategically located near Franklin University, Ohio State University, and WGU Ohio, within a densely populated area. This investment provides a secure, low-maintenance income stream with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The 15-year initial lease term expired on November 30, 2027. The property's location offers access to a large consumer base, with over 135,000 people residing within a 3-mile radius.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9573

Longitude

-82.962

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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