Current Use by Public Records
- Lifestyle centers
Property Details for 9510 Jacksontown Rd
- Year built
- 2024
- Lot size
- 2.00 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Class A, mixed-use investment property, the Shoppes of Jacksontown, presents a compelling opportunity. Located at 9510 Jacksontown Rd, Thornville, OH 43076, this 7,500 square foot center boasts five tenants under a Net Lease (NNN) agreement with yearly rent bumps, offering a stable and predictable income stream. The property features a diverse tenant mix including a pharmacy/drug store, restaurant, and other retail spaces. All tenants are credit-rated, franchisees, or backed by corporate guarantees, mitigating risk. The current lease term is five years, commencing October 1, 2024, with an occupancy date of September 12, 2024. The property sits on a 2-acre lot, with a land value of $500,000 per acre, and offers ample parking (32 spaces per 1,000 sq ft). Built in 2024, the single-story building is zoned for commercial use and benefits from its proximity to Interstate 70 (3,500 feet from exit at State Route 13). The asking price is $2,280,000 ($304 per square foot). Additional development potential exists with two available commercial outlots and 40 acres of buildable agricultural land. This prime location offers easy access to major transportation routes, and is near popular attractions such as Legend Valley Concert Venue, Buckeye Lake, and Lakewood Schools, as well as significant employers including Amazon, Google, and FedEx. Utilities are stubbed to the property.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thornville
- County
- Licking
- State
- Ohio
- Longitude
- -82.4122
- Latitude
- 39.9546
