A recently constructed shopping center in an affluent Columbus sub-market. Located less than a half mile to SR-161 & less than 3 miles to I-270, reaches the New Albany & Westerville submarkets. Population growth in the area has increased 26.77% since 2010 & roadway expansion along Hamilton Road will increase traffic counts to over 20,000 cars per day along Hamilton Rd. In the last five years, nearly 4,000 apartment units & 2,000 single family homes have been built within 2 miles of the center. 1 mile south of the center, the mixed-use development project is currently under construction.This 2008 center is being offered at a 7.04% CAP rate. Tenants have signed net-leased investments providing minimal Landlord responsibilities. 1 small vacancy provides upside to any buyer.
|Lot acreage is: 3.64|
|Subdivision: Albany Place Shopping Center|
|Lot zoned: CPD|
|Total square feet: 26561.00|
|Tax year: 2015|
|Address||Distance||Sale date||Sale price|
|7400 Huntington Park Drive||8.31 mi.||10/10/2017||$5,300,000|