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Anchored Neighborhood Shopping Center
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5571 N Hamilton Rd, Columbus, OH 43054

Neighborhood shopping center anchored by Volunteers of America in Gahanna, Ohio, with a large backfilled retail space.

Property Size48,667 SF
Days on Market121

Property Features for 5571 N Hamilton Rd

General Information

Standard status Active
Size 48,667 SF
Property subtype Retail
Listing Agency: CBRE - Cincinnati
Listed By: Chris Prosser, CCIM · License #OH SAL.0000443707
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 2:07AM

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 CBRE - Cincinnati

Investment Insights

Based on property information with market context.

Volunteers of America Retail Center is a neighborhood shopping center offering 48,667 square feet of retail space. The property is anchored by Volunteers of America, which backfilled the 24,592 square foot space vacated by the center’s original tenant, Discount Drug Mart. After the landlord received notice that Discount Drug Mart would be vacating at the end of its term, Volunteers of America executed an initial ten (10) year lease.

Located in the heart of Gahanna, Ohio, the center is positioned as a local retail destination anchored by Volunteers of America. The tenant backfill provides an ongoing tenancy following the original tenant’s planned departure.

The center’s structure includes the anchored space leased by Volunteers of America and an additional backfilled retail area previously occupied by Discount Drug Mart.

Key Highlights

  • 48,667 SF neighborhood shopping center in Gahanna, Ohio
  • Anchored by Volunteers of America
  • Includes a 24,592 SF space backfilled after Discount Drug Mart vacated

Property Analytics

Current Use

Turtle Creek Tavern Bar & Pub

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom Accounting Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

489
Businesses Nearby
475k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 39% Superstores 31% Shops & Services 25% Beauty & Spa 4%
Target Superstores
107,058 visits/mo 0.3 miles
Sheetz Shops & Services
45,626 visits/mo 0.2 miles
Chick-fil-A Dining
45,194 visits/mo 0.1 miles
BJ's Wholesale Club Superstores
39,405 visits/mo 0.3 miles
Hobby Lobby Shops & Services
33,748 visits/mo 0.3 miles

Demographics for 43054, OH

27,781
Population
11,577
Households
2.4
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
1,081
Density / Sq Mi
$139,679
Median Household Income
$75,539
Median Earnings
$1,808
Median Rent
$483,100
Median Home Value

Market

Vacancy Rate% for Retail in Columbus, OH

5.4% 2019
5.2% 2020
4% 2021
3.8% 2022
3.5% 2023
3.8% 2024
4.1% 2025
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Similar Off Market Nearby

  • New Albany Plaza 5536 N Hamilton Rd, Gahanna, OH 43230

Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood shopping center anchored by Volunteers of America in Gahanna, Ohio, with a large backfilled retail space.
Where is this shopping center located?
The property is located at 5571 N Hamilton Rd Columbus, OH.
What are key features of this property?
This property features: 48,667 SF neighborhood shopping center in Gahanna, Ohio; Anchored by Volunteers of America; Includes a 24,592 SF space backfilled after Discount Drug Mart vacated
More about this property
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