Building Details

Tenancy Multi

Listing Agency: State Street Capital Realty / Casto

Listed By: Stephanie May-Beaumier · License #BRKP.2022006218

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 1:13PM

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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 State Street Capital Realty / Casto

Investment Insights

Based on property information with market context.

Capella II is a 60,602-square-foot shopping center at 8591-8679 Sancus Boulevard in Columbus, Ohio. The property includes a newly leased 1,415-square-foot suite 1110 occupied by Merle Norman under a 3-year lease term. The center is offered for sale on an individual basis or together with Capella I.

The shopping center sits west of the Interstate 71 and Polaris Parkway intersection, across from Polaris Fashion Place and Polaris Centers of Commerce. It is also located in front of the Chase Bank corporate office campus, which contains 2,000,000 square feet of office space and more than 14,500 employees. The property is positioned within the Polaris market of northeast Columbus.

Key Highlights

• 60,602 SF shopping center at 8591‑8679 Sancus Boulevard, Columbus, OH 43240
• Newly leased Merle Norman occupies 1,415 SF in suite 1110
• Suite 1110 carries a 3‑year lease term

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

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

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,029

Businesses Nearby

262k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 45% Apparel 23% Dining 10% Home Improvements & Furnishings 9%

Jo-Ann Fabric and Craft Shops & Services

46,769 visits/mo 0.3 miles

Sierra Apparel

27,192 visits/mo 0.3 miles

Five Below Shops & Services

26,014 visits/mo 0.5 miles

Old Navy Apparel

23,381 visits/mo 0.5 miles

World Market Home Improvements & Furnishings

23,176 visits/mo 0.5 miles

Demographics for 43240, OH

7,661

Population

3,602

Households

2.1

Avg Household Size

33

Median Age

46%

College-Educated

94%

High-School Grad

2.5 sq mi

ZIP Area

3,064

Density / Sq Mi

$87,389

Median Household Income

$59,224

Median Earnings

$1,462

Median Rent

$289,800

Median Home Value

Market

Vacancy Rate% for Retail in Columbus, OH

5.4% 2019

5.2% 2020

4% 2021

3.8% 2022

3.5% 2023

3.8% 2024

4.1% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail center positioned near major office employment and regional shopping destinations in the Polaris market.

Where is this shopping center located?

The property is located at 8591-8679 Sancus Boulevard Columbus Columbus, OH.

What are key features of this property?

This property features: 60,602 SF shopping center at 8591‑8679 Sancus Boulevard, Columbus, OH 43240; Newly leased Merle Norman occupies 1,415 SF in suite 1110; Suite 1110 carries a 3‑year lease term