1541 River Valley Cir N - Freestanding FOR SALE


Lancaster, OH 43130
$3,008,000 USD
714-400-6267
1541 River Valley Cir N, Lancaster, OH for Sale
$3,008,000 USD
Freestanding - FOR SALE
1/6
null | 8% Cap Rate

1541 River Valley Cir N
Lancaster, OH 43130


HIGHLIGHTS

  • Single-Tenant Corporate Guaranteed Lease – 3+ Years Remaining on NN Lease – Minimal Landlord Responsibilities
  • Long-Term Operating History Since 1998 – Numerous Lease Renewals Exercised
  • Upcoming Significant Rental Escalation in September 2026 (9.75% Increase)
  • One 5-Year Option – Additional Rental Increase in September 2028 at Renewal (11.6%)
  • Lease Backed by OfficeMax North America, Inc. – Fully Owned Subsidiary of The ODP Corporation
  • Fortune 500 Company (NASDAQ: ODP) – $7 Billion Annual Revenue – 27,000 Employees

OVERVIEW

Exclusively Listed in association with Brian Brockman | OH License No. BRK.2009000214 We are pleased to offer qualified investors the opportunity to acquire a corporate guaranteed, single-tenant retail asset located at 1541 River Valley Cir N in Columbus (Lancaster), Ohio. This property has been a longstanding retail location since 1998. The lease is backed by OfficeMax North America, Inc. Strategically positioned as an outparcel to River Valley Mall, this location benefits from exceptional visibility and a high-traffic retail environment. The surrounding area is anchored by an impressive lineup of national retailers, including Lowe’s, Meijer, Target, Dick’s Sporting Goods, Walmart, Aldi, Best Buy, Giant Eagle, Hobby Lobby, and Kroger, solidifying its position within a well-established retail corridor. The property is leased on a NN structure with minimal landlord responsibilities, offering steady and predictable cash flow with over three years of remaining lease term. Investors will benefit from built-in rental growth, with a 9.75% rent increase scheduled for September 2026, followed by an 11.6% escalation in September 2028 when the tenant exercises its last five-year renewal option. With a competitive price well below replacement cost, this asset presents an attractive investment opportunity, delivering strong cash flow, tax advantages, and future upside potential. This is a rare chance to acquire a stable, income-producing property in a thriving retail market with minimal management responsibilities and significant rental growth.

FOR SALE DETAILS

PRICE

$3,008,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OfficeMax Net Lease - Columbus, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket, Health Club, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

-

APN/PARCEL ID

05-31010-330

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.