Matthews Logo

Navigation Menu

9001-9051 Columbus Pike, Lewis Center, OH, 43035

Deal Room

Command Palette

Search for a command to run...

Powell Center
Market to Determine

Key Information

Term Remaining
±8.8 YRS
Type
Shopping Centers
Occupancy
100%
NOI
$2,598,875
Leasable Area
204,251

Highlights

  • Strong Leasing Momentum | Brand-New 10-Yr Leases Executed With Floor & Decor and Painted Tree Boutiques | Brand-New 15-Yr Lease With Chick-fil-A | Early Extensions With Marshalls, HomeGoods & Michaels

  • Ideal Location in Heart of Retail Corridor at Signalized Intersections Along Columbus Pike & E Powell Rd | 67,000+ Combined VPD Traffic Count | Excellent Access & Visibility | Less Than 3 Miles From I-71 & Polaris Town Center

  • Surrounded by Significant Daily Traffic Drivers Including Walmart, Meijer, BJ’s Wholesale Club, Aldi, Home Depot & Menards

  • Highly Desirable Demographics | 3-Mile AHHI: $136,000 | 5-Mile Population: 175,000 | Projected 1-Mile Population & Household Growth of 13% Over the Next 5 Years

  • Primely Positioned in the Affluent, High-Growth Pocket of the Columbus MSA | Fastest-Growing Major Metro in       the Midwest

  • Floor & Decor, Marshalls, HomeGoods, Chick-fil-A, Michaels and Painted Tree Comprise 90% of Rental Income

  • Offered Free & Clear of Existing Financing

  • Less Than 20 Miles From “Silicon Heartland” – Intel’s New $28B Semiconductor Manufacturing Campus | Significant Investments From Amazon, Meta, Microsoft & Google

  • Opportunity to Immediately Lower Basis and Increase Going-In Yield by Selling Off Chick-fil-A Individually | Already Separately Parceled

  • An investor is presented with the opportunity to immediately lower their basis and increase their going-in yield by selling off Chick-fil-A separately at a significantly lower cap rate than where the entire center is acquired.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113