1980 N National Rd - Retail FOR SALE


Columbus, IN 47201
$3,765,500 USD
812-320-8483
1980 N National Rd, Columbus, IN for Sale
$3,765,500 USD
Retail - FOR SALE
1/3
null | 6.55% Cap Rate

1980 N National Rd
Columbus, IN 47201


HIGHLIGHTS

  • New, Class A Construction | 100% Occupied | Target Shadow-Anchored Strip Center | Exposure to 47,261 VPD | 2.7M SF Retail Within 2 Miles
  • Stanton Optical & Sleep Number are Corporate Leases | Cricket Wireless is Relocation Site for Largest Authorized Retailer in US
  • Columbus is an Affluent Bedroom Community of Indianapolis | Average Household Income in 5 Miles is $89,000

OVERVIEW

New, Class A Construction | 100% Occupied | Target Shadow-Anchored Strip Center Strategically Located at Hard Corner Across from Target-Anchored Columbus Center | Columbus Center is Ranked Top 21% Nationwide for Community Centers with 3.5 Million Annual Visitors (per Placer.AI) Perfect for 1031 Exchange or Passive Investor: All Landlord-Friendly Leases with NNN+Admin/Mgmt Passthrough High Visibility/High Exposure Location: 47,261 Vehicles Per Day in Front of Center | Surrounded by 2.7 Million SF of Retail within 2 Miles Excellent Inflation Hedge: Stanton Optical Maintains 3% Annual Rental Increases | Sleep Number and Cricket Wireless Each Have 10% Rental Increases Every 5 Years Anchored by Sleep Number Corporate (NASADQ: SNBR) (2023 Revenue: $1.9 Billion) Corporate Stanton Optical (273 Locations in 29 States | Cricket Wireless  - Relocation Store for Largest Authorized Retailer in US with 450+ Locations Retail Corridor Includes Several Top Performing Tenants (Visits per Placer.AI): Top 2% McDonalds in US, Top 4% Kroger in US, #2 Rural King in Indiana, Top 8% Wendy’s in US, Top 6% Taco Bell in US, Top 3% Dairy Queen in US, Top 4% Burger King in US As a City, Columbus Ranks Nationally in Many Categories: #1 US City for Manufacturers – Global Trade Magazine, #1 Metro in US For Affordability, Education & Growth Among Young Professionals – Pew Charitable Trust, #Top 5 US Small Metros for Attraction & Expansion Projects – Site Selection Magazine, #1 US Small Metro for Manufacturers – Business Facilities Magazine, #6 in US For Architectural Innovation and Design – American Institute of Architects Columbus is International HQ for Cummins, Inc. with $34.1 Billion in 2023 Revenue | #129 on Fortune 500 Columbus is an Affluent Bedroom Community of Indianapolis with $89,000 AHHI within 5 Miles of Subject Property | Columbus MSA Includes 84,000 People with a Trade Area of 180,000

FOR SALE DETAILS

PRICE

$3,765,500 USD

PRICE/SF

$607 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleep Number 3-Tenant Center | Columbus, IN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C

APN/PARCEL ID

03-96-17-340-000.800-005

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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