Retail Shopping Center with High
729 Columbus Ave Lebanon, OH 45036
729 Columbus Ave, Lebanon, OH, 45036
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For Sale
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Retail shopping center on Columbus Avenue with strong visibility, two named tenants, and available vacant retail space.
Property Size4,768 SF
Price / SF$270.73
Days on Market23
Property Features for 729 Columbus Ave
General Information
- Standard status
- Active
- Size
- 4,768 SF
- Property subtype
- RETAIL
Properties For Sale
at 729 Columbus Ave Contact us
Listing agency
NAI Bergman
(513) 823-0068
Listed by
Hayden Batchelor · License ##SAL.2021004901
(513) 823-0068
Source
Moodyscre
Added: Jun 29 Updated: Jul 21 at 2:03PM Checked: Jul 21 at 2:03PM
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 NAI Bergman
Investment Insights
Based on property information with market context.
This retail shopping center is positioned along Columbus Avenue and offers excellent visibility and frontage. The center includes tenant space for Little Caesars and Hot Head Burritos, along with vacant retail space available for a new occupant.
Convenient roadway access is provided via SR-48, SR-63, and I-71, supporting practical reach to surrounding trade areas.
The property is offered for sale with a current mixed-occupancy profile and available space for a retailer seeking to align with a center that already includes established QSR and casual dining brands.
Convenient roadway access is provided via SR-48, SR-63, and I-71, supporting practical reach to surrounding trade areas.
The property is offered for sale with a current mixed-occupancy profile and available space for a retailer seeking to align with a center that already includes established QSR and casual dining brands.
Key Highlights
- Retail shopping center on Columbus Avenue (US‑42) with strong visibility and frontage
- Tenant lineup includes Little Caesars and Hot Head Burritos, plus vacant retail space available
- Pro‑forma CAP of 8.5% assuming 100% leased
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.5k | $15.00 |
| − Vacancy | −$5.0k | −$1.05 |
| EGI | $66.5k | $13.95 |
| − OpEx | −$20.0k | −$4.19 |
| NOI | $46.6k | $9.76 |
4,768 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$665.1K
$582.0K – $776.0K
NOI $46,560 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$931.9K – $1.24M
NOI $74,550 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Retail shopping center on Columbus Avenue with strong visibility, two named tenants, and available vacant retail space.
Where is this shopping center located?
The property is located at 729 Columbus Ave Lebanon, OH.
What is the asking price?
The asking price for this property is $1,290,844.
What are key features of this property?
This property features: Retail shopping center on Columbus Avenue (US‑42) with strong visibility and frontage; Tenant lineup includes Little Caesars and Hot Head Burritos, plus vacant retail space available; Pro‑forma CAP of 8.5% assuming 100% leased
