Shopping Strip
Sawmill Road Strip Center
6185 Sawmill Rd, Dublin, OH 43017
Listing Price: $4,600,000
Investment Overview
11,397 SF Retail Strip Center Located in the High- Income Columbus Suburb of Dublin, Ohio. Meticulously Maintained Masonry Construction with Strong Parking Ratio (10/1,000 SF) | Built in 2002 | No Major
Deferred CapEx | 140 Surface Parking Spaces. Prominent Frontage Along Sawmill Road | One of
Columbus’ Highest-Traffic Corridors with 35,080+ VPD | Less Than 1 Mile from I-270 (155,375+ VPD) | Irreplaceable Setback & Visibility. Located in Affluent, High-Density Retail Corridor | 13,632
Residents in 1-Mile | 92,736 in 3-Mile | 226,967 in 5-Mile | Average Household Income Over $122,000. Surrounded by Premier National Retailers | Whole Foods, Trader Joe’s, Target, Meijer, Home Depot, Sam’s Club, Burlington, Chick-fil-A, Starbucks, and More.
Sawmill Road Strip Center
Investment Highlights
- 11,397 SF Retail Strip Center Located in the High- Income Columbus Suburb of Dublin, Ohio.
- Landlord-Favorable NNN Lease Structures | Full Reimbursement of Taxes, CAM & Insurance | Tenants Pay Administrative Fees (Up to 15% CAM) | No Management Fee Liability Enhances Yield if Self- Managed
- Ease of Ownership with Only 4 National/Regional Tenants | Long-Term Stability with WALT of 4.83 Years | Major Increases in Scheduled Base Rent Across Tenants
- Rent Levels Average $29.39/SF | Well Below Cost of New Construction | Upside from Mark-to-Market Rents at Renewal
- Meticulously Maintained Masonry Construction with Strong Parking Ratio (10/1,000 SF) | Built in 2002 | No Major Deferred CapEx | 140 Surface Parking Spaces
- Tenant Lineup Anchored by Credit Tenants | FedEx (NYSE: FDX), America's Best Contacts, Milan Laser, and Paris Banh MI | Minimal Tenant Turnover Risk
- Strong NOI Profile | $321,717 Year 1 NOI | Reimbursement Income Covers 92%+ of Operating Expenses | Efficient Operating Model
- Organic NOI Growth Through Scheduled Rent Increases | NOI CAGR ~2.2% Over Lease Terms
Listing Price: $4,600,000
Investment Highlights
- 11,397 SF Retail Strip Center Located in the High- Income Columbus Suburb of Dublin, Ohio.
- Landlord-Favorable NNN Lease Structures | Full Reimbursement of Taxes, CAM & Insurance | Tenants Pay Administrative Fees (Up to 15% CAM) | No Management Fee Liability Enhances Yield if Self- Managed
- Ease of Ownership with Only 4 National/Regional Tenants | Long-Term Stability with WALT of 4.83 Years | Major Increases in Scheduled Base Rent Across Tenants
- Rent Levels Average $29.39/SF | Well Below Cost of New Construction | Upside from Mark-to-Market Rents at Renewal
- Meticulously Maintained Masonry Construction with Strong Parking Ratio (10/1,000 SF) | Built in 2002 | No Major Deferred CapEx | 140 Surface Parking Spaces
- Tenant Lineup Anchored by Credit Tenants | FedEx (NYSE: FDX), America's Best Contacts, Milan Laser, and Paris Banh MI | Minimal Tenant Turnover Risk
- Strong NOI Profile | $321,717 Year 1 NOI | Reimbursement Income Covers 92%+ of Operating Expenses | Efficient Operating Model
- Organic NOI Growth Through Scheduled Rent Increases | NOI CAGR ~2.2% Over Lease Terms
Investment Overview
11,397 SF Retail Strip Center Located in the High- Income Columbus Suburb of Dublin, Ohio. Meticulously Maintained Masonry Construction with Strong Parking Ratio (10/1,000 SF) | Built in 2002 | No Major Deferred CapEx | 140 Surface Parking Spaces. Prominent Frontage Along Sawmill Road | One of Columbus’ Highest-Traffic Corridors with 35,080+ VPD | Less Than 1 Mile from I-270 (155,375+ VPD) | Irreplaceable Setback & Visibility. Located in Affluent, High-Density Retail Corridor | 13,632 Residents in 1-Mile | 92,736 in 3-Mile | 226,967 in 5-Mile | Average Household Income Over $122,000. Surrounded by Premier National Retailers | Whole Foods, Trader Joe’s, Target, Meijer, Home Depot, Sam’s Club, Burlington, Chick-fil-A, Starbucks, and More.
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