Polaris Westar Plaza Strip
New
For Sale
$10,970,342
405 - 435 Polaris Pkwy, Westerville, OH 43082
The fully leased center combines food and service businesses with scheduled rent increases.
Property Size24,315 SF
Price / SF$451.18
Days on Market2
Property Features for 405 - 435 Polaris Pkwy
General Information
Standard status
Active
Size
24,315 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Drive-Thru
Yes
Building Details
Building Size
24,315 SF
Year Built
2020
Buildings
2
Tenancy
Multi
Listed By:
John Royer CRE, SIOR
(614) 255-4374
Source:
Krgre
Added: Sep 26
Last Checked: Sep 26 at 3:05PM
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 John Royer CRE, SIOR
Investment Insights
Based on property information with market context.
Built in 2020, this retail strip center comprises two buildings with six suites and approximately 24,315 square feet of gross leasable area. All space is leased, with a weighted average lease term of approximately 5.3 years. The tenant mix includes fast-casual restaurants, salons and barbershops, yoga studios, and medical offices. An end-cap suite has a drive-through, and the site is configured for ingress and egress.
The property is in Westerville, Ohio, with nearby offices, hotels, hospitals, and schools contributing to a daytime population of more than 30,000 employees. Tenant leases include scheduled rent increases, including increases during option periods.
The property is in Westerville, Ohio, with nearby offices, hotels, hospitals, and schools contributing to a daytime population of more than 30,000 employees. Tenant leases include scheduled rent increases, including increases during option periods.
Key Highlights
- 100% leased across six suites
- Two buildings with ±24,315 square feet of gross leasable area
- Weighted average lease term of ±5.3 years
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
459k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 29%
Leisure 14%
Groceries 3%
Topgolf
Leisure
65,165 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
63,544 visits/mo
0.1 miles
Sheetz
Shops & Services
53,574 visits/mo
0.1 miles
Buffalo Wild Wings
Dining
28,664 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
21,263 visits/mo
0.2 miles
Demographics for 43082, OH
32,459
Population
12,915
Households
2.5
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
1,553
Density / Sq Mi
$147,188
Median Household Income
$73,670
Median Earnings
$1,696
Median Rent
$433,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - The fully leased center combines food and service businesses with scheduled rent increases.
Where is this strip mall located?
The property is located at 405 - 435 Polaris Pkwy Westerville, OH.
What is the asking price?
The asking price for this property is $10,970,342.
What are key features of this property?
This property features: 100% leased across six suites; Two buildings with ±24,315 square feet of gross leasable area; Weighted average lease term of ±5.3 years
