Department Store
711 & 975 Creekview Drive
711 Creekview Dr, Columbus, IN 47201
Listing Price: $8,318,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a two-tenant, net-leased retail portfolio located at 711 and 975 Creekview Drive in Columbus, Indiana (the “Portfolio”, “Assets” or the “Properties”). The Portfolio consists of a Kohl's and a newly constructed Olive Garden outparcel with a ±8.2 year WALT.
711 & 975 Creekview Drive
Investment Highlights
- Two national tenants generating $557,175 in NOI with 100% occupancy and an 8.2-year rent-weighted average lease term
- Kohl's has occupied since 2003 and extended its lease in 2023, underscoring long-term commitment and strong store performance; the location was further enhanced with a Sephora addition in 2024
- Olive Garden completed a ground-up build-to-suit in 2025, reflecting Darden's long-term commitment to the trade area and confidence in the corridor's retail fundamentals
- Kohl's lease is structured triple-net, with the Tenant paying all real estate taxes, insurance, utilities, parking lot maintenance and interior maintenance. Landlord responsibilities are limited to roof, exterior walls and structure
- Olive Garden is a ground lease with no landlord repair, maintenance or capital obligations for the improvements
Listing Price: $8,318,000
Investment Highlights
- Two national tenants generating $557,175 in NOI with 100% occupancy and an 8.2-year rent-weighted average lease term
- Kohl's has occupied since 2003 and extended its lease in 2023, underscoring long-term commitment and strong store performance; the location was further enhanced with a Sephora addition in 2024
- Olive Garden completed a ground-up build-to-suit in 2025, reflecting Darden's long-term commitment to the trade area and confidence in the corridor's retail fundamentals
- Kohl's lease is structured triple-net, with the Tenant paying all real estate taxes, insurance, utilities, parking lot maintenance and interior maintenance. Landlord responsibilities are limited to roof, exterior walls and structure
- Olive Garden is a ground lease with no landlord repair, maintenance or capital obligations for the improvements
Investment Overview
Marcus & Millichap is pleased to offer for sale a two-tenant, net-leased retail portfolio located at 711 and 975 Creekview Drive in Columbus, Indiana (the “Portfolio”, “Assets” or the “Properties”). The Portfolio consists of a Kohl's and a newly constructed Olive Garden outparcel with a ±8.2 year WALT.
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