Property profile

1565 National Rd Columbus, IN 47201

OFF-MARKET
Retail properties & Spaces
1 ac lot Built 2005
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Property summary

AI-generated overview

This single-tenant retail property, located at 1565 N National Road in Columbus, Indiana, offers a compelling investment opportunity. The 1,485 square foot building, constructed in 2005, sits on one acre of land and benefits from a highly visible location surrounded by established brand-name retailers, ensuring consistent high traffic. The property features ample parking with 50 spaces, a recently updated parking lot, and a new marquee sign, enhancing its curb appeal and visibility. Currently occupied by a Starbucks, the property boasts a new 10-year lease, providing exceptional stability and predictable income. The building is a single-story structure with C-2 zoning, offering flexibility for future uses. The property's parcel number is 03-96-20-120-000.100-005, and it is situated in Bartholomew County, Indiana, zip code 47201. The net operating income is $6.25 per square foot. This turnkey investment offers a rare combination of strong tenant occupancy, prime location, and modern amenities, making it an ideal addition to any portfolio.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2005
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

1565 National Rd Columbus, IN 47201
Columbus metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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