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7520 High Cross Blvd 6,800 SF Retail Building Columbus, OH 43235 $4,881,772 CAD ($717.91 CAD/SF) 10.30% Cap Rate
Investment Highlights
- High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 10.30%.
- Attractive Rental Increase – 3.00% annual rent escalations offer a built-in hedge against inflation and long-term income growth.
- Absolute NNN Lease – There are zero landlord responsibilities, making it a great investment opportunity for a passive investor.
- Situated on a 1.8-acre parcel, offering strong long-term real estate value and future redevelopment potential.
Executive Summary
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,800 SF
Building Class
B
Year Built/Renovated
1998/2022
Price
$4,881,772 CAD
Price Per SF
$717.91 CAD
Cap Rate
10.30%
NOI
$502,891 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.80 AC
Opportunity Zone
Yes
Parking
150 Spaces (22.06 Spaces per 1,000 SF Leased)
Frontage
186’ on High Cross Blvd
Amenities
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Elevated Growth
- Retailer
- 6,792 SF
- $67.77 CAD
- Triple Net
- Sep 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Elevated Growth | Retailer | 6,792 SF | $67.77 CAD | Triple Net | Sep 2032 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 610-244101 | Improvements Assessment | $321,575 CAD |
| Land Assessment | $218,845 CAD | Total Assessment | $540,420 CAD |
Property Taxes
Parcel Number
610-244101
Land Assessment
$218,845 CAD
Improvements Assessment
$321,575 CAD
Total Assessment
$540,420 CAD
Contacts
-
Alexander Machado -
Daniel Gonzalez -
Ben Snyder -
Harrison Groom -
Matthews Real Estate Investment Services
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7520 High Cross Blvd
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