Freestanding Retail Asset in
For Sale
$2,889,230
3552 E Main St, Columbus, OH 43213
Long-term leased retail property with 29+ years remaining on lease.
Property Size7,800 SF
Lot Size0.93 Acres
Price / SF$370.41
Days on Market193
Property Features for 3552 E Main St
General Information
Standard status
Active
Size
7,800 SF
Lot size
0.93 Acres
Property subtype
Retail
Building Details
Building Size
7,800 SF
Year Built
1967
Stories
1
Listing Agency:
Bellagio Real Estate Partners
Listed By:
Brad Teitelbaum · License #471020584
(480) 205-7637
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 4 at 6:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellagio Real Estate Partners
Investment Insights
Based on property information with market context.
The property is a 7,800-square-foot freestanding retail asset situated on 0.932 acres. It is located along East Main Street, a primary retail corridor in East Columbus, Ohio. The property is leased to Laundromax under a long-term lease with over 29 years remaining on its initial term. The lease includes 2% annual rent increases. Laundromax has made a substantial capital commitment to the location, investing approximately $2 million in buildout costs. Laundromax and its affiliates are the largest operator of laundromats by volume in the US. The site benefits from strong visibility and convenient access. A newly constructed apartment complex is located directly west of the property, enhancing the immediate customer base and supporting sustained foot traffic, which drives long-term demand for laundromat services.
Key Highlights
- Long‑term lease with over 29 years remaining and 2% annual rent increases, ensuring predictable cash flow.
- Tenant (Laundromax) is the largest operator of laundromats by volume in the US.
- Laundromax invests approximately $2 million in buildout costs, demonstrating a substantial capital commitment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,926
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,520
$1.8M
Cap Rate 7%
$1,284,657
$1.3M
Cap Rate 9%
$999,178
$999.2K
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$140.4K $18.00/SF
− Vacancy
−$11.9K −$1.53/SF
EGI
$128.5K $16.47/SF
− OpEx
−$38.5K −$4.94/SF
NOI
$89.9K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,520
Cap Rate 7%
$1,284,657
Cap Rate 9%
$999,178
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,926 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,789 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Retail space - Long-term leased retail property with 29+ years remaining on lease.
Where is this retail space located?
The property is located at 3552 E Main St Columbus, OH.
What is the asking price?
The asking price for this property is $2,889,230.
What are key features of this property?
This property features: Long‑term lease with over 29 years remaining and 2% annual rent increases, ensuring predictable cash flow.; Tenant (Laundromax) is the largest operator of laundromats by volume in the US.; Laundromax invests approximately $2 million in buildout costs, demonstrating a substantial capital commitment.
