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Vanilla Box Storefront
For Lease
$28.50 SF/Yr

5175 Forest Dr, New Albany, OH 43054

Vanilla box storefront with base utilities and TI allowance available, positioned on a highly visible corner adjacent to Vision Professionals.

Space Size2,470 SF
Days on Market122

Property Features for 5175 Forest Dr

General Information

Standard status Active
Size 2,470 SF
Property subtype Office
Lease Term NNN

Additional Details

Utilities to Site Yes

Building Details

Building Size 2,470 SF

Spaces For Lease

at 5175 Forest Dr
5175 Forest Dr $28.50/SF/Yr
Size 2,470 SF
Type Street Retail
Term Negotiable
Contact us
Listing Agency: Kohr Royer Griffith, Inc.
Listed By: Paulina Canini
Source: Krgre
Added: Jun 24 Changed: Oct 13 Last Checked: Oct 23 at 5:50AM

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 Kohr Royer Griffith, Inc.

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Investment Insights

Based on property information with market context.

Available for lease, this vanilla box storefront is positioned on a highly visible corner and includes base utilities with a tenant improvement (TI) allowance available. The site offers prominent building signage and a collaborative build-out approach with the landlord and contractor.

The space is adjacent to Vision Professionals, an optometry practice operating since 1974. It is located on the Johnstown Road corridor in New Albany and benefits from a mix of established medical and retail employers, along with nearby entertainment and retail activity referenced in the surrounding area.

The property also notes reduced CAMS tied to a 100% 10-year tax abatement.

Key Highlights

  • Storefront available in New Albany on a highly visible corner along the Johnstown Road corridor
  • Adjacent to Vision Professionals (optometry practice since 1974)
  • Vanilla box space with base utilities plus a TI allowance available

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Electrical Service Big Box & Wholesale Store Auto Repair Shop

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$4.27 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

356
Businesses Nearby

Demographics for 43054, OH

27,781
Population
11,577
Households
2.4
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
1,081
Density / Sq Mi
$139,679
Median Household Income
$75,539
Median Earnings
$1,808
Median Rent
$483,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for New Albany, OH

$22.57 /SF/Yr
Avg Asking Price
$10–$30 /SF/Yr
Price Range
4,211 SF
Avg Space Size

This space is priced 26% above the average of $22.57 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Vanilla box storefront with base utilities and TI allowance available, positioned on a highly visible corner adjacent to Vision Professionals.
Where is this office unit located?
The property is located at 5175 Forest Dr New Albany, OH.
What is the lease rate?
The lease rate is $28.50 SF/Yr.
What are key features of this property?
This property features: Storefront available in New Albany on a highly visible corner along the Johnstown Road corridor; Adjacent to Vision Professionals (optometry practice since 1974); Vanilla box space with base utilities plus a TI allowance available
More about this property
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