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Shopping Strip

Sleep Number Three-Tenant Center | All New Construction

1980 N National Rd, Columbus, IN 47201

Listing Price: $3,765,500

Cap Rate
6.55%
Gross SF
5,300
Rentable SF
5,300
Price/Gross SF
$710.47
Lot Size
0.46 acres
Year Built
2024

Investment Overview

High Visibility/High Exposure Location: 47,261 Vehicles Per Day in Front of Center | Surrounded by 2.7 Million SF of Retail within 2 Miles

Excellent Inflation Hedge: Stanton Optical Maintains 3% Annual Rental Increases | Sleep Number and Cricket Wireless Each Have 10% Rental Increases Every 5 Years

Anchored by Sleep Number Corporate (NASADQ: SNBR) (2023 Revenue: $1.9 Billion)

Corporate Stanton Optical (273 Locations in 29 States | Cricket Wireless  - Relocation Store for Largest Authorized Retailer in US with 450+ Locations

Retail Corridor Includes Several Top Performing Tenants (Visits per Placer.AI): Top 2% McDonalds in US, Top 4% Kroger in US, #2 Rural King in Indiana, Top 8% Wendy’s in US, Top 6% Taco Bell in US, Top 3% Dairy Queen in US, Top 4% Burger King in US

As a City, Columbus Ranks Nationally in Many Categories: #1 US City for Manufacturers – Global Trade Magazine, #1 Metro in US For Affordability, Education & Growth Among Young Professionals – Pew Charitable Trust, #Top 5 US Small Metros for Attraction & Expansion Projects – Site Selection Magazine, #1 US Small Metro for Manufacturers – Business Facilities Magazine, #6 in US For Architectural Innovation and Design – American Institute of Architects

Columbus is International HQ for Cummins, Inc. with $34.1 Billion in 2023 Revenue | #129 on Fortune 500

Columbus is an Affluent Bedroom Community of Indianapolis with $89,000 AHHI within 5 Miles of Subject Property | Columbus MSA Includes 84,000 People with a Trade Area of 180,000

Investment Highlights

  • New, Class A Construction | 100% Occupied | Target Shadow-Anchored Strip Center
  • Strategically Located at Hard Corner Across from Target-Anchored Columbus Center | Columbus Center is Ranked Top 21% Nationwide for Community Centers with 3.5 Million Annual Visitors (per Placer.AI)
  • Perfect for 1031 Exchange or Passive Investor: All Landlord-Friendly Leases with NNN+ Admin/Mgmt Passthrough

Exclusively Listed By

Shopping Strip

Sleep Number Three-Tenant Center | All New Construction

Listing Price: $3,765,500

Cap Rate
6.55%
Gross SF
5,300
Rentable SF
5,300
Price/Gross SF
$710.47
Lot Size
0.46 acres
Year Built
2024

Investment Highlights

  • New, Class A Construction | 100% Occupied | Target Shadow-Anchored Strip Center
  • Strategically Located at Hard Corner Across from Target-Anchored Columbus Center | Columbus Center is Ranked Top 21% Nationwide for Community Centers with 3.5 Million Annual Visitors (per Placer.AI)
  • Perfect for 1031 Exchange or Passive Investor: All Landlord-Friendly Leases with NNN+ Admin/Mgmt Passthrough

Investment Overview

High Visibility/High Exposure Location: 47,261 Vehicles Per Day in Front of Center | Surrounded by 2.7 Million SF of Retail within 2 Miles Excellent Inflation Hedge: Stanton Optical Maintains 3% Annual Rental Increases | Sleep Number and Cricket Wireless Each Have 10% Rental Increases Every 5 Years Anchored by Sleep Number Corporate (NASADQ: SNBR) (2023 Revenue: $1.9 Billion) Corporate Stanton Optical (273 Locations in 29 States | Cricket Wireless  - Relocation Store for Largest Authorized Retailer in US with 450+ Locations Retail Corridor Includes Several Top Performing Tenants (Visits per Placer.AI): Top 2% McDonalds in US, Top 4% Kroger in US, #2 Rural King in Indiana, Top 8% Wendy’s in US, Top 6% Taco Bell in US, Top 3% Dairy Queen in US, Top 4% Burger King in US As a City, Columbus Ranks Nationally in Many Categories: #1 US City for Manufacturers – Global Trade Magazine, #1 Metro in US For Affordability, Education & Growth Among Young Professionals – Pew Charitable Trust, #Top 5 US Small Metros for Attraction & Expansion Projects – Site Selection Magazine, #1 US Small Metro for Manufacturers – Business Facilities Magazine, #6 in US For Architectural Innovation and Design – American Institute of Architects Columbus is International HQ for Cummins, Inc. with $34.1 Billion in 2023 Revenue | #129 on Fortune 500 Columbus is an Affluent Bedroom Community of Indianapolis with $89,000 AHHI within 5 Miles of Subject Property | Columbus MSA Includes 84,000 People with a Trade Area of 180,000

Exclusively Listed By

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