Net-Leased Retail
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711 Creekview Drive, Columbus, IN 47201
Two-tenant retail assets combine a department store with a newly built restaurant under separate net-lease structures.
Property SizeContact for details
Days on Market5
Property Features for 711 Creekview Drive
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Tivon Moffitt · License #AZ BR639369000
(954) 547-7212
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 19 at 7:45AM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
The portfolio includes a ±95,121-square-foot Kohl's department store at 711 Creekview Drive and a ±7,825-square-foot Olive Garden restaurant at 975 Creekview Drive. The Kohl's building was constructed in 1994 and has been occupied by Kohl's Indiana, L.P. since 2003. A Sephora location was added within the store in 2024. The Olive Garden property is newly constructed, occupies a ±1.56-acre outparcel, and was developed as a build-to-suit.
The two assets are leased under separate structures, with the restaurant subject to a ground lease held by Olive Garden Holdings, LLC, a wholly owned subsidiary of Darden Restaurants, Inc. The portfolio carries a ±8.2-year WALT. Kohl's lease runs through July 31, 2034, with approximately 7.7 years remaining, while the Olive Garden ground lease continues through March 31, 2036, with approximately 9.4 years remaining and 10% rent increases every five years.
The two assets are leased under separate structures, with the restaurant subject to a ground lease held by Olive Garden Holdings, LLC, a wholly owned subsidiary of Darden Restaurants, Inc. The portfolio carries a ±8.2-year WALT. Kohl's lease runs through July 31, 2034, with approximately 7.7 years remaining, while the Olive Garden ground lease continues through March 31, 2036, with approximately 9.4 years remaining and 10% rent increases every five years.
Key Highlights
- ±8.2‑year WALT across the two‑tenant portfolio
- ±95,121‑square‑foot Kohl's department store constructed in 1994
- Kohl's lease runs through July 31, 2034, with approximately 7.7 years remaining
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
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Business Placement
Demographics for 47201, IN
45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
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?
NNN property - Two-tenant retail assets combine a department store with a newly built restaurant under separate net-lease structures.
Where is this nnn property located?
The property is located at 711 Creekview Drive Columbus, IN.
What is the asking price?
The asking price for this property is $8,318,000.
What are key features of this property?
This property features: ±8.2‑year WALT across the two‑tenant portfolio; ±95,121‑square‑foot Kohl's department store constructed in 1994; Kohl's lease runs through July 31, 2034, with approximately 7.7 years remaining
