Current Use by Public Records
- Specialty properties
Property Details for 5499 10 Pin Aly
- Year built
- 1961
- Lot size
- 3.56 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 32,827 square foot, Class A, free-standing retail building leased to Bowlero Corp. (NYSE: BOWL), the world's largest bowling operator. Located at 5499 Ten Pin Alley, Hilliard, OH 43026, on a 3.56-acre lot, this property boasts a strong 6.58% cap rate and a substantial net operating income (NOI) of $480,000. The absolute NNN lease features a corporate guarantee and a remaining term of 9.3 years, expiring February 25, 2034, with built-in rent bumps of 10% every five years, starting in 2029. Built in 1961 and renovated in 2017, the property benefits from its location in a densely populated and affluent area, with an average household income exceeding $121,000 within a 3-mile radius and over 151,000 residents within a 5-mile radius. Its prime commercial location offers excellent visibility and accessibility. The property's proximity to The Ohio State University, a major recreation and wellness campus, and Roger A. Reynolds Municipal Park further enhances its appeal. This is a rare opportunity to acquire a high-performing asset with a long-term, secure lease backed by a financially strong, publicly traded tenant in a rapidly growing community. The asking price is $7,300,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Hilliard
- County
- Franklin
- State
- Ohio
- Longitude
- -83.1624
- Latitude
- 40.0235
