Listing Agency: Cushman & Wakefield - Columbus, Ohio b***@ctmt.com Show Phone

Listed By: Evan Miller · License #2003014855 Show Phone

Source: Cushmanwakefield

Added: May 21 Changed: Aug 22 Last Checked: Aug 25 at 5:43AM

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Investment Insights

Based on property information with market context.

The property is a retail space available for rent.

Key Highlights

• Retail space available for lease.

Property Analytics

Property Profile

Current Use

CVS Photo (Bike/Boat/Book/etc) Store Huntington ATM Atm Moorefield Square Business Service Center MinuteClinic at CVS Medical Clinic CVS Pharmacy

Suggested Use

Top Pick Restaurant Real Estate Agency Building Supply Law Firm Auto Repair Shop 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.

Lease Details

NNN (Triple Net)

Lease Type

$2.10 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

144k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 37% Dining 34% Groceries 27% Beauty & Spa 2%

Kroger Groceries

38,182 visits/mo 0.1 miles

McDonald's Dining

24,852 visits/mo 0.0 miles

Speedway Shops & Services

21,721 visits/mo 0.1 miles

Taco Bell Dining

13,673 visits/mo 0.1 miles

Roses Discount Store Shops & Services

11,355 visits/mo 0.1 miles

Demographics for 45503, OH

32,870

Population

15,458

Households

2.1

Avg Household Size

44

Median Age

17%

College-Educated

89%

High-School Grad

17.5 sq mi

ZIP Area

1,878

Density / Sq Mi

$54,561

Median Household Income

$36,761

Median Earnings

$871

Median Rent

$153,100

Median Home Value

Market

Lease Benchmarks for Springfield, OH

$16.25 /SF/Yr

Avg Asking Price

$9.99–$25 /SF/Yr

Price Range

6,259 SF

Avg Space Size

This space is priced 14% below the average of $16.25 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for lease.

Where is this retail space located?

The property is located at 2987 Derr Road #2987 Springfield, OH.

What is the lease rate?

The lease rate is $14 SF/Yr.

What are key features of this property?

This property features: Retail space available for lease.