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7520 High Cross Blvd
Columbus, OH 43235
Retail Property For Sale
Investment Highlights
- High-Yielding Investment – The property is being offered at a Year-1 in-place cap rate of 9.75%.
- 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
Restaurant
Building Size
7,657 SF
Building Class
B
Year Built/Renovated
1998/2023
Price
$4,974,828 CAD
Price Per SF
$649.71 CAD
Cap Rate
9.75%
NOI
$485,112 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.80 AC
Opportunity Zone
Yes
Parking
150 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
186’ on High Cross Blvd
Amenities
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 610-244101 | Improvements Assessment | $310,100 CAD |
| Land Assessment | $211,035 CAD | Total Assessment | $521,134 CAD |
Property Taxes
Parcel Number
610-244101
Land Assessment
$211,035 CAD
Improvements Assessment
$310,100 CAD
Total Assessment
$521,134 CAD
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