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Neighborhood Shopping Center with NNN Leases
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5477 - 5497 New Albany Rd, New Albany, OH 43054

Fully occupied center featuring restaurant anchors and services for personal care, fitness, dining, and daily needs.

Property Size33,325 SF
Days on Market67

Property Features for 5477 - 5497 New Albany Rd

General Information

Standard status Active
Size 33,325 SF
Property subtype Shadow-Anchored Neighborhood Strip Center
Occupancy 100%

Additional Details

Anchor Co-Tenants Panera Bread, Roosters Wings

Building Details

Building Size 33,325 SF
Year Built 2014
Tenancy Multi
Listing Agency: Passov Real Estate Group
Listed By: Alex Van Krevel · License #SAL2023005727
Source: Passovgroup
Added: Jun 25 Changed: Aug 30 Last Checked: Aug 30 at 7:48AM

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 Passov Real Estate Group

Investment Insights

Based on property information with market context.

New Albany Market is a 33,325-square-foot neighborhood shopping center delivered in 2014. The property contains 12 tenant spaces and is fully occupied under NNN leases, providing a multi-tenant retail configuration with established occupancy. Panera Bread and Roosters Wings serve as the named anchors, complemented by businesses offering personal care, fitness, dining, and daily-needs services.

The center is located at 5477–5497 New Albany Rd in New Albany, Ohio. Its tenant mix combines food service with service-oriented retail uses, creating a diversified neighborhood shopping environment. The property is offered for sale as an occupied retail asset with a range of existing commercial occupants.

Key Highlights

  • 33,325‑square‑foot neighborhood shopping center delivered in 2014
  • 100% occupied with 12 tenants on NNN leases
  • Anchored by Panera Bread and Roosters Wings

Property Analytics

Current Use

Panera Bread Cafe & Coffee Shop

Suggested Use

Top Pick Dental Office Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Spa & Massage Center

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

409
Businesses Nearby
264k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 47% Groceries 28% Shops & Services 21% Home Improvements & Furnishings 2%
Kroger Groceries
45,334 visits/mo 0.4 miles
Market District Supermarket Groceries
29,035 visits/mo 0.1 miles
Roosters Dining
27,650 visits/mo 0.0 miles
McDonald's Dining
19,620 visits/mo 0.2 miles
Kroger Fuel Center Shops & Services
18,423 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully occupied center featuring restaurant anchors and services for personal care, fitness, dining, and daily needs.
Where is this shopping center located?
The property is located at 5477 - 5497 New Albany Rd New Albany, OH.
What are key features of this property?
This property features: 33,325‑square‑foot neighborhood shopping center delivered in 2014; 100% occupied with 12 tenants on NNN leases; Anchored by Panera Bread and Roosters Wings
More about this property
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