1980 National Rd Columbus, IN 47201-4505

This exceptional investment opportunity presents a brand-new, Class A, 5,300 square foot shopping center in Columbus, Indiana. Located at 1980 N National Rd, this 100% occupied property boasts three tenants: Sleep Number, Cricket Wireless, and Stanton Optical, all under long-term leases. The center features a desirable NNN lease structure with a corporate guarantee, providing strong financial stability. Leases commenced January 18, 2024, and extend for a total of 10 years, with a remaining term of 9.2 years. Rent increases are built in, with 3% annual bumps and a 10% increase every five years, offering excellent inflation protection. The property sits on a 0.46-acre lot and benefits from high visibility and traffic counts (47,261 vehicles per day). The strong tenant mix, including a nationally recognized brand like Sleep Number, contributes to a robust net operating income (NOI) of $246,650, resulting in a compelling 6.55% cap rate. The asking price is $3,765,500, translating to a price per square foot of $710.47. This fee-simple ownership opportunity is ideal for 1031 exchange investors or those seeking passive income. The property's location within a thriving retail corridor, near a Target-anchored shopping center, further enhances its investment appeal. Columbus, Indiana, itself offers a strong economic environment, ranking highly in various national economic indicators. This property represents a secure and profitable investment in a prime retail location.