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Shopping Strip

Rocco Commons

5757 - 5771 N Hamilton Rd, New Albany, OH 43054

Listing Price: $6,035,857

Cap Rate
6.30%
Gross SF
11,803
Rentable SF
11,803
Price/Gross SF
$511.38
Lot Size
2.09 acres
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to offer for sale Rocco Commons at Hamilton Quarter. The subject property is a newly constructed, 100% NNN leased, 11,803 square-foot retail center on 2.09 acres. Rocco Commons 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. Rocco Commons at Hamilton Quarter features four e-commerce resistant tenants on triple net leases that include financial reporting. Construction is complete and tenants are building out their spaces at this time. Architecturally of note; high quality construction, hand laid brick, black awnings and LED up-lit tenant and monument signage conforming to local planning. Rents are projected to commence by August, 2023. The Daytime Population of 199,763 within five miles of the site includes employees at The New Albany International Business Park with tenants such as Google, Facebook, Amazon, Abercrombie & Fitch, Discover Financial Services, Bob Evans Farms and the newly announced $20B Intel chip manufacturing plant which is expected to become the largest silicon manufacturing location in the world. The New Albany International Business Park is a six-minute drive from Rocco Commons at Hamilton Quarter.

Investment Highlights

  • Brand New Construction, Four Tenant Retail Strip
  • Location! Columbus, OH, Minutes From the Newly Announced $20B Intel Chip Manufacturing Facility, Google, Facebook, Amazon and Many More Globally Recognized Employers
  • Affluent, High Growth, Highly Educated Population
  • Average Household Incomes within One, Three, and Five Miles Exceed $100,000
  • Daytime Population Within Five Miles is Estimated to be 199,763
  • Exquisite Location within Six Minutes of Global Employers Including Google, Amazon, Facebook, the Newly Announced $20B Intel and Amgen Facilities, and Many More, Intel is Projected to Become the Largest Chip Manufacturing Facility on Planet Earth at This Location

Exclusively Listed By

Financing By

Listing Price: $6,035,857

Cap Rate
6.30%
Gross SF
11,803
Rentable SF
11,803
Price/Gross SF
$511.38
Lot Size
2.09 acres
Year Built
2022

Investment Highlights

  • Brand New Construction, Four Tenant Retail Strip
  • Location! Columbus, OH, Minutes From the Newly Announced $20B Intel Chip Manufacturing Facility, Google, Facebook, Amazon and Many More Globally Recognized Employers
  • Affluent, High Growth, Highly Educated Population
  • Average Household Incomes within One, Three, and Five Miles Exceed $100,000
  • Daytime Population Within Five Miles is Estimated to be 199,763
  • Exquisite Location within Six Minutes of Global Employers Including Google, Amazon, Facebook, the Newly Announced $20B Intel and Amgen Facilities, and Many More, Intel is Projected to Become the Largest Chip Manufacturing Facility on Planet Earth at This Location

Investment Overview

Marcus & Millichap is pleased to offer for sale Rocco Commons at Hamilton Quarter. The subject property is a newly constructed, 100% NNN leased, 11,803 square-foot retail center on 2.09 acres. Rocco Commons 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. Rocco Commons at Hamilton Quarter features four e-commerce resistant tenants on triple net leases that include financial reporting. Construction is complete and tenants are building out their spaces at this time. Architecturally of note; high quality construction, hand laid brick, black awnings and LED up-lit tenant and monument signage conforming to local planning. Rents are projected to commence by August, 2023. The Daytime Population of 199,763 within five miles of the site includes employees at The New Albany International Business Park with tenants such as Google, Facebook, Amazon, Abercrombie & Fitch, Discover Financial Services, Bob Evans Farms and the newly announced $20B Intel chip manufacturing plant which is expected to become the largest silicon manufacturing location in the world. The New Albany International Business Park is a six-minute drive from Rocco Commons at Hamilton Quarter.

Exclusively Listed By

Financing By

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