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Offering Memorandum Whitehall Retail Center| Columbus, OH
E Main St| Columbus, OH 43213 Offering Memorandum
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Executive Summary The Whitehall Retail Center represents the opportunity to acquire a 6,000 square foot retail center along East Main Street in a growing area with a Wal-Mart Supercenter just under a half mile away. The building currently has three tenants, a hair salon, a tax consultant and a convenience store with a liquor license. Though all the tenants are on short term leases they are proven entities that thrive in this type of market. The 29,000 vehicles per day down East Main Street as well as the close proximity to the Wal-Mart Supercenter ensure that there will always be demand for this space. This building offers significant upside to any owner that wishes to maximize value. The rents are below market and the center is in a prime location for a variety of different uses. PRICE: $389,000 Pro-Forma NOI: $44,811 Cap Rate: 11.5% RENTABLE SF ,000 LAND AREA LEASE TYPE Gross YEAR BUILT PARKING SPACES E Main St| Columbus, OH 43213|Page 6
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Executive Summary The Whitehall Retail Center represents the opportunity to acquire a 6,000 square foot retail center along East Main Street in a growing area with a Wal-Mart Supercenter just under a half mile away. The building currently has three tenants, a hair salon, a tax consultant and a convenience store with a liquor license. Though all the tenants are on short term leases they are proven entities that thrive in this type of market. The 29,000 vehicles per day down East Main Street as well as the close proximity to the Wal-Mart Supercenter ensure that there will always be demand for this space. This building offers significant upside to any owner that wishes to maximize value. The rents are below market and the center is in a prime location for a variety of different uses. PRICE: $389,000 Pro-Forma NOI: $44,811 Cap Rate: 11.5% RENTABLE SF ,000 LAND AREA LEASE TYPE Gross YEAR BUILT PARKING SPACES E Main St| Columbus, OH 43213|Page 6
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Market Intelligence 3301-3309 E Main St| Columbus, OH 43213|Page 18
28,966 VPD E Main St| Columbus, OH 43213|Page 18
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Offered Exclusively By:
Retail Center| Columbus, Ohio Offered Exclusively By: Patrick Wathen Senior Vice President Office: Cell: Matt Lasky Senior Vice President Office: Cell: Parker White Sales Associate Office: Cell: Offering Memorandum E Main St| Columbus, OH 43213
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