Investment Overview

This neighborhood retail center features a strong national tenant lineup, including Dollar Tree, Sherwin-Williams, and Athletico Physical Therapy (each with over 20 years of occupancy), as well as Hibbett Sports and World Finance Corp (13-17 years of occupancy). 77% of the Gross Leasable Area is leased to national tenants. The site includes a half-acre of developable land with frontage on Columbus Street, which is ideal for a single-tenant drive-through. In addition, there is currently one 1,739-square-foot vacancy, which offers a new investor a clear path to adding value. The center is shadow anchored by an ALDI grocery store that draws over 334,000 annual visitors. The property has excellent real estate fundamentals which include a large 4.08-acre site and 118 surface parking spaces. Strategically located on Columbus Street with 18,300 vehicles per day and just 0.4 miles from the I-80 interchange, the site benefits from its excellent visibility and accessibility. Surrounded by top national retailers and auto dealerships, and just over a mile from a Walmart Supercenter generating 1.9 million annual visits, the property sits at the heart of a thriving commercial corridor.