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435 Polaris Pky
Westerville, OH 43082

$10,970,342 USD

Freestanding For Sale  •  24,315 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 24,315 SF
  • Lot Size 3.45 AC
  • Building Class A
  • Year Built 2020
  • Cap Rate 6.20 %
  • Tenancy Multiple
  • Zoning PD / w/ overlay
30 Transit Score
50 Walk Score

Highlights

Long-term leases with a WALT of ±5.3 years; all tenants have renewal options
Built-in rent increases throughout ownership and during option periods for all tenants
Internet-resistant tenant mix: fast-casual restaurants, salons, yoga studios, medical offices
Avg household income of $143,162 within 3-mile radius; ±30,000 daytime employees nearby
Built in 2020 — minimal near-term capital expenditures; passive investment opportunity
End-cap drive-thru occupied by Rebol; surrounded by ±40 million annual visitors corridor
Cap Rate: 6.20 %

Major Tenants

Tenant SF Occupied Lease End Date
Bonza Wellness
Ferguson
Hot Chicken Takeover
REBoL 6/26/2036

Amenities

  • 24 Hour Access
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
John Glenn Columbus International 23 min - 14.4 mi
Rickenbacker International 43 min - 29.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 109
Type: Surface
Included in Rent: Yes
Charlie Wood 216-777-2153 Matthews Real Estate Investment Services
Charlie Wood 216-777-2153 Matthews Real Estate Investment Services