Single-Tenant Retail
3799 Park Mill Run Dr, Hilliard, OH 43026
For Sale
$3,995,000
New 10,000 SF single-tenant retail building built in 2025 with Interstate 270 exposure and frontage on Park Mill Run.
Property Size10,000 SF
Price / SF$399.50
Days on Market105
Property Features for 3799 Park Mill Run Dr
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Jackson Real Estate & Development
Listed By:
Randall Jackson · License #2010001909
(614) 764-7991
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 26
Last Checked: Nov 6 at 5:09AM
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
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Investment Insights
Based on property information with market context.
A modern, single-tenant retail building constructed in 2025, offering a contemporary retail setup and 100% occupancy. The property is secured by a 10-year lease with annual increases and includes 3–5 year options.
The site features direct exposure to Interstate 270 and frontage on Park Mill Run, with access to the surrounding Hilliard-area commercial corridor. Points of interest nearby include Station Park, the Old Hilliard district, the Early Television Museum, and Ten Pin Alley.
Presented as a turnkey investment, the offering combines recent construction with long-term leased occupancy, while maintaining strong roadway visibility along Park Mill Run.
The site features direct exposure to Interstate 270 and frontage on Park Mill Run, with access to the surrounding Hilliard-area commercial corridor. Points of interest nearby include Station Park, the Old Hilliard district, the Early Television Museum, and Ten Pin Alley.
Presented as a turnkey investment, the offering combines recent construction with long-term leased occupancy, while maintaining strong roadway visibility along Park Mill Run.
Key Highlights
- New 10,000 SF single‑tenant retail building built in 2025 at 3799 Park Mill Run Dr, Hilliard, OH
- Direct exposure to Interstate 270 and frontage on Park Mill Run
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,196
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,663,920
$2.7M
Cap Rate 7%
$1,902,800
$1.9M
Cap Rate 9%
$1,479,956
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$195.6K $19.56/SF
− Vacancy
−$5.3K −$0.53/SF
EGI
$190.3K $19.03/SF
− OpEx
−$57.1K −$5.71/SF
NOI
$133.2K $13.32/SF
Area
Franklin County, OH
Vacancy
2.72%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,663,920
Cap Rate 7%
$1,902,800
Cap Rate 9%
$1,479,956
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
378k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Home Improvements & Furnishings 25%
Superstores 22%
Shops & Services 17%
Target
Superstores
84,184 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
32,985 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
32,615 visits/mo
0.3 miles
At Home
Home Improvements & Furnishings
20,631 visits/mo
0.5 miles
Starbucks
Dining
20,345 visits/mo
0.3 miles
Demographics for 43026, OH
64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Franklin County, OH
Properties on Market for Storefront properties in Franklin County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - New 10,000 SF single-tenant retail building built in 2025 with Interstate 270 exposure and frontage on Park Mill Run.
Where is this storefront property 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: New 10,000 SF single‑tenant retail building built in 2025 at 3799 Park Mill Run Dr, Hilliard, OH; Direct exposure to Interstate 270 and frontage on Park Mill Run; 100% occupancy
