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601 S High St
Columbus, OH 43215 Brewery District

$4,248,750 USD

Office For Sale  •  9,900 SF

Property Details

  • Property Type Office
  • Total Building Size 9,900 SF
  • Lot Size 0.27 AC
  • Building Class B
  • Year Built 1969
  • Cap Rate 8.00 %
  • Tenancy Multiple
  • Zoning UCR
61 Transit Score
95 Walk Score

Highlights

Long Lease Term: Brand-new 10-year lease running through June 2035, with two (2) five-year renewal options on the back end.
Absolute NNN Lease: The property is leased under an absolute NNN structure, with the tenant responsible for all operating expenses, including taxes, i
Attractive Rental Increases: 3.00% annual rent escalations, creating strong, predictable NOI growth and built-in inflation protection.
High Barrier To Entry: The property operates as a state-licensed cannabis dispensary, a use that benefits from strict licensing caps, zoning restricti
Strong Multi-State/Established Operator: Trulieve is one of the largest cannabis operators in the country, with over 230 dispensaries and approximate
Strong Cannabis Market: Ohio is one of the most attractive cannabis markets in the U.S., with medical marijuana sales exceeding $2.28 billion to date.
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
All Advanced Tactical Klean
Peopleready Skilled Trades
Trulieve

Public Transportation

AirportDriveWalkDistance
John Glenn Columbus International 14 min - 8.4 mi
Rickenbacker International 23 min - 11.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services
Alexander Machado 305-905-3215 Matthews Real Estate Investment Services