Single-Tenant NNN Retail
3799 Park Mill Run Dr Hilliard, OH 43026
3799 Park Mill Run Dr, Hilliard, OH, 43026
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For Sale
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Single-tenant retail building built in 2025 with a 10-year NNN lease and 3–5 year options.
Property Size10,000 SF
Price / SF$399.50
Days on Market23
Property Features for 3799 Park Mill Run Dr
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- RETAIL
Listing agency
Jackson Real Estate & Development
(614) 764-7991
Listed by
Randall Jackson · License #2010001909
Source
Moodyscre
Added: Jun 29 Updated: Jul 21 at 2:24AM Checked: Jul 21 at 6:15AM
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 Jackson Real Estate & Development
Investment Insights
Based on property information with market context.
This single-tenant retail property is housed in a modern building constructed in 2025. The offering includes a 10-year NNN lease structure with annual 2% increases and 3–5 year options, with zero landlord duties noted in the materials. The property is reported as 100% occupied.
The building is located at 3799 Park Mill Run Dr in Hilliard, Ohio. It has frontage on Park Mill Run and is described as having direct exposure to Interstate 270, with traffic counts exceeding 145,000 vehicles per day.
The asset is presented as a 10,000 SF retail building with direct highway visibility and a long-term lease in place.
The building is located at 3799 Park Mill Run Dr in Hilliard, Ohio. It has frontage on Park Mill Run and is described as having direct exposure to Interstate 270, with traffic counts exceeding 145,000 vehicles per day.
The asset is presented as a 10,000 SF retail building with direct highway visibility and a long-term lease in place.
Key Highlights
- 10,000 SF single‑tenant retail building built in 2025
- 10‑year NNN lease with 2% annual increases and 3–5 year options
- 100% occupancy
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.6k | $19.56 |
| − Vacancy | −$5.3k | −$0.53 |
| EGI | $190.3k | $19.03 |
| − OpEx | −$57.1k | −$5.71 |
| NOI | $133.2k | $13.32 |
10,000 SF · lease $19.56/SF/yr · vacancy 2.72% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.22M
NOI $133,196 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,710 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant retail building built in 2025 with a 10-year NNN lease and 3–5 year options.
Where is this retail space located?
The property is located at 3799 Park Mill Run Dr Hilliard, OH.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 10,000 SF single‑tenant retail building built in 2025; 10‑year NNN lease with 2% annual increases and 3–5 year options; 100% occupancy
