Shopping Neighborhood
Granville Square Shopping Center
1571 E Dublin Granville Rd, Columbus, OH 43229
Listing Price: $5,000,000
Investment Overview
97% Occupied, 8.6% CAP, $37/SF Value-Add Community Center in Infill/High-Traffic Columbus Location. 0.4 Mile to I-71 (110,943 Cars/Day) | 1st Shopping Center East of I-71 Exit Ramps. Located at 42,597 VPD Cars/Day Signalized Intersection; 25,910 Cars/Day on Route 161. Located in Grocery-Deprived Pocket: Big-Box Re-Lease Opportunity | 5 Minutes to Kroger, 8 Minutes to ALDI, 11 Minutes to Walmart
Granville Square Shopping Center
Investment Highlights
- 97% Occupied, 8.65% CAP, $37/SF Value-Add Community Center in Infill/High-Traffic Columbus Location
- $3.44/SF NNN Average In-Place Rent | Immense Upside via Below Market Rents
- 56.6% Economic Occupancy (97.4% Physical) Tied to 40.8% of GLA Leased but Non-NOI-Contributing / $6/SF NNN Replacement Tenant/Lease = 15.0% Stabilized CAP
- Roses Box (40.8% of GLA) Contributes Only $527 to NOI($2.30/SF in Income - $2.29/SF in Expenses) | 1/2026 Expiration with No Options Left | Immense Upside Potential Given "Free" 55,096 SF Anchor Box Included in Sale
- 28.6% of GLA on MTM Leases (Low $5.45/SF NNN Avg. Rent) / Tenants Each Wish to Extend Longer Term – See Agent for Details
- 2 Miles to I-270/I-71 Interchange (244,834 Cars/Day); I-270 = Columbus' Outer-Loop Hwy System
Shopping Neighborhood
Granville Square Shopping Center
Listing Price: $5,000,000
Investment Highlights
- 97% Occupied, 8.65% CAP, $37/SF Value-Add Community Center in Infill/High-Traffic Columbus Location
- $3.44/SF NNN Average In-Place Rent | Immense Upside via Below Market Rents
- 56.6% Economic Occupancy (97.4% Physical) Tied to 40.8% of GLA Leased but Non-NOI-Contributing / $6/SF NNN Replacement Tenant/Lease = 15.0% Stabilized CAP
- Roses Box (40.8% of GLA) Contributes Only $527 to NOI($2.30/SF in Income - $2.29/SF in Expenses) | 1/2026 Expiration with No Options Left | Immense Upside Potential Given "Free" 55,096 SF Anchor Box Included in Sale
- 28.6% of GLA on MTM Leases (Low $5.45/SF NNN Avg. Rent) / Tenants Each Wish to Extend Longer Term – See Agent for Details
- 2 Miles to I-270/I-71 Interchange (244,834 Cars/Day); I-270 = Columbus' Outer-Loop Hwy System
Investment Overview
97% Occupied, 8.6% CAP, $37/SF Value-Add Community Center in Infill/High-Traffic Columbus Location. 0.4 Mile to I-71 (110,943 Cars/Day) | 1st Shopping Center East of I-71 Exit Ramps. Located at 42,597 VPD Cars/Day Signalized Intersection; 25,910 Cars/Day on Route 161. Located in Grocery-Deprived Pocket: Big-Box Re-Lease Opportunity | 5 Minutes to Kroger, 8 Minutes to ALDI, 11 Minutes to Walmart
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