Freestanding Retail Center with
For Sale
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3350 Cleveland Avenue 1964, Columbus, OH 43224
NNN retail center with a 6,100 SF freestanding building and 13 long-term tenants, professionally managed.
Property Size6,100 SF
Days on Market193
Property Features for 3350 Cleveland Avenue 1964
General Information
Standard status
Active
Size
6,100 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
COTA bus stop
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Revealty
(614) 485-3100
Listed By:
Steven C Beaver · License #2008000954
(614) 774-5692
Source:
Maryhatem
Added: Apr 11
Changed: Oct 8
Last Checked: Oct 19 at 6:14AM
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 RE/MAX Revealty
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Investment Insights
Based on property information with market context.
This NNN retail center is listed as 100% occupied over the last 8 years with 13 tenants on triple net leases. The offering includes a 6,100 SF freestanding building, and the center has been well maintained with freshly painted buildings, new LED lighting throughout, upgraded landscaping, and a parking lot resurfaced and striped.
The property sits on over 6 acres with more than 325 parking spaces and almost one acre of vacant ground, with prints available to construct an additional 19,200 SF building. A COTA bus stop is located right on the sidewalk, and the center is surrounded by national companies including U.S. Bank, Burger King, Fifth Third Bank, McDonald’s, and Taco Bell. The location is just minutes from I-71.
Management is handled by a professional management company, and tenant listings referenced in the remarks include Dollar General, H&R Block, and Pizza Hut under triple net lease arrangements.
The property sits on over 6 acres with more than 325 parking spaces and almost one acre of vacant ground, with prints available to construct an additional 19,200 SF building. A COTA bus stop is located right on the sidewalk, and the center is surrounded by national companies including U.S. Bank, Burger King, Fifth Third Bank, McDonald’s, and Taco Bell. The location is just minutes from I-71.
Management is handled by a professional management company, and tenant listings referenced in the remarks include Dollar General, H&R Block, and Pizza Hut under triple net lease arrangements.
Key Highlights
- NNN retail center with a 6,100 SF freestanding building
- 13 long‑term tenants on triple net leases, 100% occupied over the last 8 years
- Tenants include Dollar General, H&R Block, and Pizza Hut (per provided remarks)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,327
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,540
$1.4M
Cap Rate 7%
$1,004,671
$1.0M
Cap Rate 9%
$781,411
$781.4K
Market Conditions
NOI Build-Up for 6,100 SF
Gross rent
$109.8K $18.00/SF
− Vacancy
−$9.3K −$1.53/SF
EGI
$100.5K $16.47/SF
− OpEx
−$30.1K −$4.94/SF
NOI
$70.3K $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%
$1,406,540
Cap Rate 7%
$1,004,671
Cap Rate 9%
$781,411
Alternative Uses
Best Use
Retail
$1.00M
$879.1K – $1.17M
NOI $70,327 @ 7.0% cap · market cap 7,032,700.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,989 @ 7.0% cap · market cap 8,898,900.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43224, OH
43,544
Population
19,238
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
79%
High-School Grad
8.3 sq mi
ZIP Area
5,246
Density / Sq Mi
$50,934
Median Household Income
$34,966
Median Earnings
$1,025
Median Rent
$159,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Columbus, OH
Similar Off Market Nearby
- Barwaaqa Mall Plaza — 3167 Cleveland Ave, Columbus, OH 43224
- Banadir Shopping Center — Britains Ln, Columbus, OH 43224
- Shabbelle business center — 3395 Cleveland Ave, Columbus, OH 43224
- Guumbe family — 3264 Deserette Ln, Columbus, OH 43224
- Sunshine laundromat — 3444 Cleveland Ave, Columbus, OH 43224
Frequently Asked Questions
What type of property is this?
Shopping center - NNN retail center with a 6,100 SF freestanding building and 13 long-term tenants, professionally managed.
Where is this shopping center located?
The property is located at 3350 Cleveland Avenue 1964 Columbus, OH.
What are key features of this property?
This property features: NNN retail center with a 6,100 SF freestanding building; 13 long‑term tenants on triple net leases, 100% occupied over the last 8 years; Tenants include Dollar General, H&R Block, and Pizza Hut (per provided remarks)
