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Shopping Strip

The Plaza at Hamilton Quarter

5780 N Hamilton Rd, Columbus, OH 43230

Listing Price: $11,183,299

Cap Rate
6.70%
Gross SF
24,145
Rentable SF
24,145
Price/Gross SF
$463.17
Lot Size
3.75 acres
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to offer for sale the Plaza at Hamilton Quarter. The subject property is a newly constructed, 100 percent triple-net (NNN) leased, 24,145 square-foot retail center on 3.75 acres. The Plaza at Hamilton Quarter is situated within the new 320-acre retail and medical focused Hamilton Quarter development anchored by Target, Hobby Lobby and the recently opened Ohio State University Wexner Medical Center. The subject property features 10 e-commerce resistant tenants on triple-net leases that include financial reporting, pro rata expense reimbursements, and reimbursements for capital expenditures on an amortized basis. The Plaza at Hamilton Quarter is located within a six-minute drive of the newly announced $20 billion Intel chip manufacturing facility, Amazon, Google, Facebook, the newly announced Amgen packaging facility, and many more globally recognized employers. About the immediate area - Intel CEO Pat Gelsinger stated: “New Albany today versus the high-tech mega manufacturing center of the heartland in five years?” he said. “Yeah, it’s going to be unrecognizable.” Gelsinger added, “our expectation is that this becomes the largest silicon manufacturing location on the planet.” (Source: Time Magazine, January 2020)

Investment Highlights

  • Located Within a Six Minute Drive of the Newly Announced $20 Billion Intel Chip Manufacturing Facility, Amazon, Facebook, the Just Announced Amgen Packaging Facility, and More.
  • The Plaza at Hamilton Quarter Is Situated Within the Rapidly Expanding 320 Acre Hamilton Quarter Retail and Medical Focused Development.
  • Major Tenants in the Hamilton Quarter Development Include Target, Hobby Lobby, a Newly Announced BJ's Wholesale Club, and the Recently Opened Ohio State University Wexner Medical Center.
  • Booming, Affluent, High Growth and Densely Populated Area with Average Household Incomes Exceeding $100,000 within One, Three, and Five Miles.
  • The Plaza at Hamilton Quarter is Located on the Border of Columbus and New Albany, Ohio.
  • There are 10 E-Commerce Resistant Tenants on Triple-Net Leases that Include Financial Reporting, Pro Rata Expense Reimbursements, and Capex Reimbursements on an Amortized Basis.
  • Daytime Population of 199,763 within Five Miles.
  • New, 2020 High Quality Construction Including Led Lighting, Hand Laid Brick, TPO Roof, Two Drive-Through Entitled Spaces, and Two Restaurant Spaces with Fenced Patio Areas.

Exclusively Listed By

Financing By

Shopping Strip

The Plaza at Hamilton Quarter

Listing Price: $11,183,299

Cap Rate
6.70%
Gross SF
24,145
Rentable SF
24,145
Price/Gross SF
$463.17
Lot Size
3.75 acres
Year Built
2020

Investment Highlights

  • Located Within a Six Minute Drive of the Newly Announced $20 Billion Intel Chip Manufacturing Facility, Amazon, Facebook, the Just Announced Amgen Packaging Facility, and More.
  • The Plaza at Hamilton Quarter Is Situated Within the Rapidly Expanding 320 Acre Hamilton Quarter Retail and Medical Focused Development.
  • Major Tenants in the Hamilton Quarter Development Include Target, Hobby Lobby, a Newly Announced BJ's Wholesale Club, and the Recently Opened Ohio State University Wexner Medical Center.
  • Booming, Affluent, High Growth and Densely Populated Area with Average Household Incomes Exceeding $100,000 within One, Three, and Five Miles.
  • The Plaza at Hamilton Quarter is Located on the Border of Columbus and New Albany, Ohio.
  • There are 10 E-Commerce Resistant Tenants on Triple-Net Leases that Include Financial Reporting, Pro Rata Expense Reimbursements, and Capex Reimbursements on an Amortized Basis.
  • Daytime Population of 199,763 within Five Miles.
  • New, 2020 High Quality Construction Including Led Lighting, Hand Laid Brick, TPO Roof, Two Drive-Through Entitled Spaces, and Two Restaurant Spaces with Fenced Patio Areas.

Investment Overview

Marcus & Millichap is pleased to offer for sale the Plaza at Hamilton Quarter. The subject property is a newly constructed, 100 percent triple-net (NNN) leased, 24,145 square-foot retail center on 3.75 acres. The Plaza at Hamilton Quarter is situated within the new 320-acre retail and medical focused Hamilton Quarter development anchored by Target, Hobby Lobby and the recently opened Ohio State University Wexner Medical Center. The subject property features 10 e-commerce resistant tenants on triple-net leases that include financial reporting, pro rata expense reimbursements, and reimbursements for capital expenditures on an amortized basis. The Plaza at Hamilton Quarter is located within a six-minute drive of the newly announced $20 billion Intel chip manufacturing facility, Amazon, Google, Facebook, the newly announced Amgen packaging facility, and many more globally recognized employers. About the immediate area - Intel CEO Pat Gelsinger stated: “New Albany today versus the high-tech mega manufacturing center of the heartland in five years?” he said. “Yeah, it’s going to be unrecognizable.” Gelsinger added, “our expectation is that this becomes the largest silicon manufacturing location on the planet.” (Source: Time Magazine, January 2020)

Exclusively Listed By

Financing By

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