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6090-6126 Parkcenter Circle, Dublin, OH, 43017

Parkcenter Circle
$8,950,000

Key Information

Proforma Cap
7.4%
Tot. SF
22,183
Year Built
2007
Term Remaining
4.51 Yrs
Type
Shopping Centers
Occupancy
100%
NOI
$663,788

Highlights

Stable, High Credit Tenancy

  • Tenant Retention – The average occupancy tenure at the center is 11.3 years.
  • WALT – 4.51 Years
  • Credit Tenants – The majority of the rent roll is comprised of national tenants with long-term operating history.
  • Tenant Retention – The average length of occupancy at the center is 11.3 years.
  • Restaurant Users – 72% of the center is occupied by established restaurants with full commercial kitchens giving investors highly sought after suites with strong, future rentability.
  • Panera Bread – This location is the primary catering hub for surrounding corporate office users and Ohio State University population.

Recent Leasing Activity

  • 2,048 SF Leased to Cocockay Bites – an Indo-European fast casual restaurant- on a new 5-year lease with 5% annual increases. Tenant is actively building out a full commercial kitchen adding hundreds of thousands of dollars of value.
  • Mi Tradicion exercised their 5 year renewal option showcasing their commitment to the space. They have operated out of the center since 2008.
  • $1M investment to new 5,000 SF Image Studios suite, opening March 2024.
  • Noodles & Co exercised a 5-year extension at the end of 2023.

Prime Location | Great Visibility and Access

  • Immediate Access to and Visibility from I-270 (±108,000+ VPD).
  • 3 miles from Dublin’s Mixed use development: Bridge Park with other.
  • Surrounded by national retailers and QSRs: McDonalds, Chick Fil A, Chipotle, Walmart, Best Buy, Golf Galaxy.
  • 15 Miles from Ohio State University

Photos

Location

Agents

Financing Agents

Broker of Record

Matthew Wallace

License # REC. 2022007141 (OH)
Matthews
950 Main Ave., Suite 510, Cleveland, OH 44113