Description

Kohl's & Olive Garden Portfolio is a retail investment at 711 Creekview Drive in Columbus, IN. With 100% occupancy and 95,121 SF of gross leasable area, the offering centers on existing retail income rather than a lease-up plan.

The property sits on 12.93 acres and was built in 1994. Its 370 parking spaces, with a parking ratio of 3.90 / 1,000 SF, give buyers a measure of how the site accommodates customer parking alongside its retail space. CR (Commercial: Regional Center) zoning defines the property's stated zoning designation without requiring a redevelopment premise to support the investment case. The fee simple interest places ownership of the real estate with the purchaser, while the NNN lease structure is relevant to how expenses are allocated under the leases. For an investor, these characteristics frame the physical asset behind the current income.

The asking price is $8,318,000, or $80.80 PSF, with an in-place cap rate of 6.70% and in-place NOI of $557,175. In-place rents are $560,000, and the 8.2 years of WALT puts a defined lease-duration measure alongside those income figures. The $643,310 per acre pricing offers another way to view the acquisition against its land area. Taken together, the occupancy, lease structure and remaining weighted average lease term make this a purchase centered on income already in place, with the site's acreage and parking supporting the underlying retail real estate.