New Story Schools | Columbus, OH

Address 

7690 New Market Center Way, Columbus, OH 43235

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Date Added
Aug 1, 2022
Days on Market
26 days

Time Since Last Update

11 days

Details

Property TypeSpecial Purpose
SubtypeSchool
Lease TypeNNN
Tenant CreditCorporate Guarantee
TenancySingle
Lease Term19.3 years
Lease Commencement05/17/2012
Lease Expiration08/31/2031
Remaining Term9 years
Square Footage74,520
Price/Sq Ft$146.43
Cap Rate7.00%
Occupancy100%
NOI$763,830
Year Built1985
Lot Size (sq ft)430,000
Rent BumpsFixed
Lease Options2 x 5 Years

Marketing Description

Sands Investment Group is Pleased to Present Exclusively For Sale the 74,520 SF New Story Schools Located at 7690 New Market Way in Columbus, Ohio. This Opportunity is Strategically Situated Within a Desirable Location That Features Excellent Demographics and High Visibility From Interstate 270 With 167,507 Vehicles Traveling Per Day.

Investment Highlights

  • Highest & Best Offers must be received by August 31st at 3PM EST.
  • New Story Schools Are a Conglomerate of 40 Schools That Provide a Wide Array of Educational Services
  • New Story Schools – Columbus, the Subject Site, Has Been Helping Ohio Students With Autism and Other Special Education Needs Succeed Academically and Behaviorally For the Last 15 Years
  • New Story Schools – Columbus Currently Serves the Educational and Behavioral Needs of Over 350 Children and Young Adults With Autism, Asperger Syndrome and Other Developmental Disabilities
  • $1.77 Million in Building Renovations Have Recently Been Completed, Showing Commitment to the Site
  • Excellent Demographics With a Population of Over 46,906 Residents Making an Average Household Income of $101,541 Within a 2-Mile Radius
  • Nearby Attractions All Within 5-Miles Include the Columbus Zoo and Aquarium, Indian Run Falls Park, Hayden Falls Park and Emerald Fields
  • Ohio State University is Just a Quick 10-Miles South of This Location and is the Largest Employer in the State (33,335 Employees)
  • Downtown Columbus is Less Than 20 Minutes South and is the Most Populous City in OH; Named After Christopher Columbus, The City Was Founded in 1812
  • As of 2021, The Greater Columbus Area is Home to the Headquarters of Six Corporations in the U.S. Fortune 500: Cardinal Health, American Electric Power, L Brands, Nationwide, Alliance Data Systems, and Huntington Bancshares
  • Nearby Tenants Include: Walmart Supercenter, Kroger, UPS, Taco Bell, McDonald’s, Wendy’s, Olive Garden, Germain Ford Dealership, Lowe’s, Goodwill, Hobby Lobby, Old Navy and More