Shopping Strip
City BBQ & WesBanco Strip w/ Upside
108 S Stygler Rd, Gahanna, OH 43230
Listing Price: $3,895,000
Cap Rate
6.25%
Gross SF
8,464
Rentable SF
8,464
Price/Gross SF
$460.18
Lot Size
1.25 acres
Year Built
2005
Investment Overview
85% occupied strip center in Columbus, OH. Currently occupied by City BBQ and WesBanco, both of which were original tenants. WesBanco recently downsized and extended their lease opening up 1,297sf for upside potential.
City BBQ & WesBanco Strip w/ Upside
Investment Highlights
- 85% Occupied Class A Strip Center in Columbus, OH with Upside Potential
- Pro Forma Cap Rate of 7.5% Assumes Lease-up of 1,297 SF Vacancy at Conservative Market Rental Rate
- Occupied By City Barbeque and WesBanco; Both Corporate Leases and Original Tenants
- Infill Location with Dense Demographics – 246,521 Residents Within 5 Miles and AHHI of $77,946
- Prime Signalized Intersection Location (57,174 Vehicles Per Day) with Recognizable City of Gahanna Decorative Watertower on the Property
Listing Price: $3,895,000
Cap Rate
6.25%
Gross SF
8,464
Rentable SF
8,464
Price/Gross SF
$460.18
Lot Size
1.25 acres
Year Built
2005
Investment Highlights
- 85% Occupied Class A Strip Center in Columbus, OH with Upside Potential
- Pro Forma Cap Rate of 7.5% Assumes Lease-up of 1,297 SF Vacancy at Conservative Market Rental Rate
- Occupied By City Barbeque and WesBanco; Both Corporate Leases and Original Tenants
- Infill Location with Dense Demographics – 246,521 Residents Within 5 Miles and AHHI of $77,946
- Prime Signalized Intersection Location (57,174 Vehicles Per Day) with Recognizable City of Gahanna Decorative Watertower on the Property
Investment Overview
85% occupied strip center in Columbus, OH. Currently occupied by City BBQ and WesBanco, both of which were original tenants. WesBanco recently downsized and extended their lease opening up 1,297sf for upside potential.
