Current Use by Public Records
- Lifestyle centers
Property Details for 7760-7860 Olentangy River Rd
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 35,000-square-foot shopping center in Worthington, Ohio, presents a compelling investment opportunity. Boasting a strong 7.5% capitalization rate and a net operating income (NOI) of $540,000, this single-story building is anchored by established and reputable tenants including Hills Market and Rusty Bucket. The property benefits from a prime location, just one mile north of the heavily trafficked I-270/SR 315 highway interchange, experiencing 30,000 vehicles per day. High visibility is ensured through available monument/pylon signage. Further enhancing its appeal, the center enjoys adjacency to the Olentangy Greenway Trail, attracting over 300,000 annual visitors, and is situated at the base of Worthington Hills, a community encompassing approximately 1,200 homes, a country club, and a golf course. The property's strategic location is further complemented by its proximity to The Bristol, a 108-unit senior living center. Other tenants include Huntington Bank, Michael O'Reilly, Great Clips, Massey's Pizza, Rejuvenate Nail Spa, and Identity Atelier. This well-positioned shopping center offers a stable income stream and significant growth potential. The property's strong tenant mix, high traffic counts, and desirable location make it an attractive investment for discerning buyers.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0358
- Latitude
- 40.1245
