Shopping Community
Polaris Commons
1025 Polaris Pkwy, Columbus, OH 43240
Listing Price: $10,092,000
Investment Overview
Marcus & Millichap is Pleased to Present for Sale Polaris Commons, a Four-Building Retail Development at Prime Hard Corner in Polaris – One of Columbus’ Top Retail Trade Areas. Hard Corner Location with Prime Frontage to Polaris Parkway with 41,000 Vehicles per Day and Gemini Place with 27,000 Vehicles per Day. Massive Combined Traffic Count of 68,000 Vehicles per Day at the Signalized Intersection of Polaris Parkway and Gemini Place. 1.1-Mile from I-71 Exit Ramps; I-71 Sees Over 165,000 Vehicles per Day. Situated Directly Between Two of the Main Entrance Drives to JPMorgan Chase McCoy Center – Massive 2 Million Square Foot Chase Office Facility with 12,000 Employees On-Site.
Polaris Commons
Investment Highlights
- Four-Building Retail Development at Prime Hard Corner in Polaris – One of Columbus' Top Retail Trade Areas
- Single-Tenant Qdoba Mexican Eats – In-Place Since 2004 on Below-Market Lease at $27 per Square Foot Triple-Net
- Six Unit Inline Strip Center with Jimmy John's & Domino's Pizza, and Local Irish Bar, Mexican, and Indian Restaurants | One Vacancy
- Fully Occupied Three Tenant Outparcel Strip with Walk In Urgent Care, Orthodontist and VaporFi
- Fully Occupied Five Tenant Outparcel Strip with Dental Works, Cold Stone Creamery, Sport Clips, The Joint Chiropractic and Derma Nails & Spa
- Opportunity to Re-Sell/Spin Pieces of Polaris Commons with Market CAP's Below Portfolio CAP | Pending Parcel Re-Plats/Splits in Process
- Additional Upside via Lease-up of 1,440 Square Foot Shop Vacancy with Anticipated Market Rent of $25 per Square Foot
Listing Price: $10,092,000
Investment Highlights
- Four-Building Retail Development at Prime Hard Corner in Polaris – One of Columbus' Top Retail Trade Areas
- Single-Tenant Qdoba Mexican Eats – In-Place Since 2004 on Below-Market Lease at $27 per Square Foot Triple-Net
- Six Unit Inline Strip Center with Jimmy John's & Domino's Pizza, and Local Irish Bar, Mexican, and Indian Restaurants | One Vacancy
- Fully Occupied Three Tenant Outparcel Strip with Walk In Urgent Care, Orthodontist and VaporFi
- Fully Occupied Five Tenant Outparcel Strip with Dental Works, Cold Stone Creamery, Sport Clips, The Joint Chiropractic and Derma Nails & Spa
- Opportunity to Re-Sell/Spin Pieces of Polaris Commons with Market CAP's Below Portfolio CAP | Pending Parcel Re-Plats/Splits in Process
- Additional Upside via Lease-up of 1,440 Square Foot Shop Vacancy with Anticipated Market Rent of $25 per Square Foot
Investment Overview
Marcus & Millichap is Pleased to Present for Sale Polaris Commons, a Four-Building Retail Development at Prime Hard Corner in Polaris – One of Columbus’ Top Retail Trade Areas. Hard Corner Location with Prime Frontage to Polaris Parkway with 41,000 Vehicles per Day and Gemini Place with 27,000 Vehicles per Day. Massive Combined Traffic Count of 68,000 Vehicles per Day at the Signalized Intersection of Polaris Parkway and Gemini Place. 1.1-Mile from I-71 Exit Ramps; I-71 Sees Over 165,000 Vehicles per Day. Situated Directly Between Two of the Main Entrance Drives to JPMorgan Chase McCoy Center – Massive 2 Million Square Foot Chase Office Facility with 12,000 Employees On-Site.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
