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New,NNN Learning Experience|150k (5 miles) 658 Commerce Dr 10,000 SF 4-Star Retail Building Pickerington, OH 43147 $9,484,578 CAD ($948.46 CAD/SF) 7% Cap Rate
Investment Highlights
- Brand New Construction (2026), Single-Tenant Location with The Learning Experience: Full 16 Years of Term Remaining with 10% Bumps in Year 7 & 12
- Ideal Demographics with 150,000+ People (5-Mile Radius), Community with Strong Employers and Commuter Traffic
- Surging Family Growth: Positioned Within One of Central Ohio’s Fastest-Growing and Most Desirable Suburban Communities
- Attractive 7.00% CAP Rate on NNN Lease Structure with No Daily Management Responsibilities
- Immediate Access to One of the Midwest’s Strongest Economies: Located Just 15 Miles Southeast of Downtown Columbus
- Directly Between U.S. Route 422 & Route 222 with a Combined Daily Traffic Count of Approx. 70,000 Vehicles Per Day
Executive Summary
*Rapidly Expanding Trade Area: ~1,200 New Homes Planned Or Under Construction Across Pickerington, Including Sycamore Grove, Sycamore Springs, The Reserve At Pickerington Ponds, And The Retreat At Graystone, Driving Significant Growth In The Area's Family-Oriented Demographic
*Surging Family Growth: Positioned Within One of Central Ohio’s Fastest-Growing and Most Desirable Suburban Communities, Served by the Highly Regarded Pickerington Local School District (12,000+ Students and 1,300+ Faculty & Staff) with 7 Elementary Schools in a 5-Mile Radius, Supporting Long-Term Demand for Early Childhood Education Services
*Supported by a Diverse Employment Base Including OhioHealth, The Ohio State University (41,000+ Faculty & Staff), JPMorgan Chase (20,000+ Employees), Huntington Bancshares (10,400+ Employees), Nationwide Insurance (9,250+ Employees), Cardinal Health (5,700+ Local Employees), and Mount Carmel Health System (9,000+ Employees)
*Strong Healthcare Presence: Less Than One Mile from Recent $65 Million Expansion of OhioHealth Pickerington Methodist Hospital (96 Beds) and Less Than 10 Miles from Mount Carmel East (~400 Beds), While Columbus is Anchored by Nationwide Children’s Hospital and The Ohio State University Wexner Medical Center
*Surging Family Growth: Positioned Within One of Central Ohio’s Fastest-Growing and Most Desirable Suburban Communities, Served by the Highly Regarded Pickerington Local School District (12,000+ Students and 1,300+ Faculty & Staff) with 7 Elementary Schools in a 5-Mile Radius, Supporting Long-Term Demand for Early Childhood Education Services
*Supported by a Diverse Employment Base Including OhioHealth, The Ohio State University (41,000+ Faculty & Staff), JPMorgan Chase (20,000+ Employees), Huntington Bancshares (10,400+ Employees), Nationwide Insurance (9,250+ Employees), Cardinal Health (5,700+ Local Employees), and Mount Carmel Health System (9,000+ Employees)
*Strong Healthcare Presence: Less Than One Mile from Recent $65 Million Expansion of OhioHealth Pickerington Methodist Hospital (96 Beds) and Less Than 10 Miles from Mount Carmel East (~400 Beds), While Columbus is Anchored by Nationwide Children’s Hospital and The Ohio State University Wexner Medical Center
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$9,484,578 CAD
Price Per SF
$948.46 CAD
Cap Rate
7%
NOI
$664,128 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.78 AC
Amenities
- Courtyard
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Jan 0000
The Learning Experience® is one of the most trusted brands in the childcare space. Founded by the Weissman family in 2002 with a passion for early childhood education and a unique approach that drives learning and development through the eyes of a child, TLE has been dedicated to providing excellence in early education and childcare for more than 20 years! The Weissman family have been developing best-in-class childcare brands for more than 40 years, establishing hundreds of centers across the globe that make children happy to learn, play, and grow! Through philanthropic efforts, innovation in curriculum and technology, and more, the Weissman family is forever dedicated to the TLE mission.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | 99,999 SF | - | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-11166-100 | Improvements Assessment | $0 CAD |
| Land Assessment | $255,233 CAD | Total Assessment | $255,233 CAD |
Property Taxes
Parcel Number
04-11166-100
Land Assessment
$255,233 CAD
Improvements Assessment
$0 CAD
Total Assessment
$255,233 CAD
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New,NNN Learning Experience|150k (5 miles) | 658 Commerce Dr
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