1391 Main St, Columbus, OH 43205-2035
- Outlet malls
- 9,504 SF
- 0.90 lot acres
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 1391 Main St
- Year built
- 2012
- Lot size
- 0.90 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 010-038945
- APU
- 10038945
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 5, 2025 | $1,130,000 | Ran Enterprises LLC | Main St Dg LLC | Deed | $644k · Silver Hill Capital LLC |
| Apr 16, 2020 | — | Main St Dg LLC | — | Deed · related | $830k · The Ohio Valley Bank Company |
| Aug 10, 2012 | $217,000 | Main St Dg LLC | Victorious Redeemer Full Gospe | Warranty Deed | — |
| Feb 29, 2000 | — | Victorious Redeemer Full | Redeemer Ame Zion Church | Quit Claim Deed · related | — |
Description
This Columbus, Ohio retail property offers a compelling investment opportunity. The 9,002 square foot building, constructed in 2012, is situated on a 0.92-acre lot at 1391 E Main St, in the 43205 zip code. Currently 100% occupied by a Dollar General store under an absolute NNN lease with a corporate guarantee, the property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $107,814. The lease, originally commencing November 30, 2012, has a remaining term of 3 years, with three (5) year lease options, each including a 10% rent bump. The property benefits from high traffic counts exceeding 15,500 vehicles daily and is strategically located near Franklin University, Ohio State University, and WGU Ohio, within a densely populated area. This investment provides a secure, low-maintenance income stream with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The 15-year initial lease term expired on November 30, 2027. The property's location offers access to a large consumer base, with over 135,000 people residing within a 3-mile radius.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,825,000
- 6.5%
- $1,685,000
- 7%
- $1,565,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,640,000
- AI Estimate
- $1,281,000
Market price range: $491k - $1.64MMarket price range: $421k - $1.28M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,020,000 Current use
- RESTAURANT
- $2,165,000 Change: +112% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,505,000 Change: +48% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,380,000 Change: +35% Conversion: Difficult
- OFFICE BUILDING
- $1,355,000 Change: +33% Conversion: Easy
- MEDICAL BUILDING
- $1,285,000 Change: +26% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,025,000 Change: +1% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $945,000 Change: -7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.962
- Latitude
- 39.9573
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
