Absolute NNN Sale-Leaseback Columbus, OH - 8.5% CAP - $1.7m

[Steven Osborn]

Hello all,

Summary: Minutes from John Glenn International Airport and located between the rapidly developing Intel site to the east and Anduril’s operations to the west. The building appears to be well-maintained and offers an excellent location for long-term stability, making it an attractive fit for investors seeking a property with both strong fundamentals and prime regional positioning.

Key Terms

• Purchase Price: $1,700,000
• Leaseback: 5 Yr $12,000/month Absolute NNN (tenant covers taxes, insurance, utilities, and maintenance)
• Escalations: 2% annually over 5 years
• Buyback Option: Owner may repurchase at $1,800,000 in Year 1, or $1,800,000 ± market adjustment thereafter

Investor Metrics:

• Average Annual Cashflow: ~$150K
• CoC Yield: 8.8% (Higher if leveraged)
• Equity Multiple: 1.53x over 5 years
• IRR: ~10.2

Asset Class: Industrial/ Flex

Sqft: 9000

Lot Size: 1 Acre

Sub Market Vacancy Rate: 3.2%

Other Specs

Docks1 extDrive Ins1 tot./9' w x 11' h

Construction SteelBuilding 

Ht14' Clear Height 12' Sprinklers. Wet

Feel free to reach out with any questions.

[Steven Osborn]

@John McKee Single tenant. Owner will want right to purchase back at year 3. Obviously adjusted for market etc… they would be willing to cover closing costs is my assumption. And yes they will cover the maintenance of the property. They are very clean electricians and made significant improvements