Overview
Net Leased Showroom/Warehouse Facility
This single-tenant, net-leased property features an 18,220-square-foot showroom, office, and warehouse facility. The property is leased to America’s Floor Source, a national flooring company with over $208 million in revenue in 2024. A new 5-year lease is in place from the date of closing, with two 5-year renewal options. The property operates at a 6.75% Year-1 Cap Rate, generating $193,514 NOI, with 2% annual escalations. The building is comprised of approximately 8,405 square feet (46%) of warehouse space and 9,815 square feet (54%) of showroom and office areas. The site spans 2.07 acres and includes 32 striped parking spaces. The warehouse area features clear heights ranging from 12 to 18 feet and is accessible via three drive-in doors (12’ and 14’). The property has undergone numerous improvements from 2012 to 2024. Located northwest of downtown, the property is near I-70, I-270, I-670, and the Riverside/Dublin Rd corridor, with proximity to Upper Arlington, Hilliard, Grandview, The Ohio State University, Columbus Downtown/CBD, Franklinton, Quarry Trails Metro Park, and the new 607-acre Quarry Trails mixed-use development. Situated between Wilson Rd and Hague Ave, it is directly across from the Raymond Memorial golf course. The location benefits from a strong average daily traffic count of 12,635 vehicles (2023), offering great signage, access, and visibility. The surrounding area has a population of 8,683 within a 1-mile radius, 82,035 within a 3-mile radius, and 327,674 within a 5-mile radius. Average household incomes in these radii are $116,307, $147,070, and $118,574, respectively.
