Retail Space
1605 Thrailkill Road Grove City, OH 43123
Details & Description
Price: $3,900,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, EquipmentShare investment property located in Grove City, Ohio (Columbus MSA). The tenant will execute a brand new 15-year lease at the close of escrow (sale leaseback) with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 1% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment for a passive investor. Founded in 2015, EquipmentShare is a growing peer-to-peer equipment rental company that is accelerating productivity in the construction industry. The company helps contractors across the country build better and work smarter through its more than 70 locations nationwide.Equipment Share is strategically positioned along Thrailkill Rd, which benefits from immediate access to the directional interchange of Interstate 270 (82,200 VPD) and Interstate 71 (102,700 VPD). Interstate 270 and Interstate 71 are primary commuter thoroughfares that connect Grove City to greater markets throughout the Midwest. Additionally, the site is located just 8 miles from the city center of Columbus, making this an ideal, centralized location with easy commutes for both employees and customers. The immediate retail corridor is home to a multitude of shopping centers including Parkway Centre North (142,000 SF), Parkway Centre South (130,000 SF), Derby Square (133,000 SF), and Grove City Plaza (96,673 SF). Other nearby national/credit tenants include Target, The Home Depot, Giant Eagle, Raising Cane’s, and more. The offering includes multiple industrial buildings totaling 26,672 SF on a 9.71-acre lot allowing EquipmentShare more space to store additional rental equipment and increase overall inventory. Moreover, the 5-mile trade area is supported by a population of more than 184,000 residents and 74,000 daytime employees with an average household income of $68,506.
    Listing Agents
    Matthew Mousavi

    O: 949-698-1116
    M: 714-404-8849
    matthew.mousavi@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1605 Thrailkill Road

    Grove City, OH 43123

    Listing ID: 255395
    • 1605 Thrailkill Road Grove City, OH 43123 | for Sale | Photo 1
    • 1605 Thrailkill Road Grove City, OH 43123 | for Sale | Photo 2
    • 1605 Thrailkill Road Grove City, OH 43123 | for Sale | Photo 3
    1605 Thrailkill Road | for Sale | Thumbnail 1
    1605 Thrailkill Road | for Sale | Thumbnail 2
    1605 Thrailkill Road | for Sale | Thumbnail 3
    Building Size: 25,672 SF
    Lot Size: 9.710 AC
    Land Size: 422,967 SF
    Building $/SF: $151.92
    Land $/SF: $9.22
    Price
    $3,900,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, EquipmentShare investment property located in Grove City, Ohio (Columbus MSA). The tenant will execute a brand new 15-year lease at the close of escrow (sale leaseback) with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 1% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment for a passive investor. Founded in 2015, EquipmentShare is a growing peer-to-peer equipment rental company that is accelerating productivity in the construction industry. The company helps contractors across the country build better and work smarter through its more than 70 locations nationwide.

    Equipment Share is strategically positioned along Thrailkill Rd, which benefits from immediate access to the directional interchange of Interstate 270 (82,200 VPD) and Interstate 71 (102,700 VPD). Interstate 270 and Interstate 71 are primary commuter thoroughfares that connect Grove City to greater markets throughout the Midwest. Additionally, the site is located just 8 miles from the city center of Columbus, making this an ideal, centralized location with easy commutes for both employees and customers. The immediate retail corridor is home to a multitude of shopping centers including Parkway Centre North (142,000 SF), Parkway Centre South (130,000 SF), Derby Square (133,000 SF), and Grove City Plaza (96,673 SF). Other nearby national/credit tenants include Target, The Home Depot, Giant Eagle, Raising Cane’s, and more. The offering includes multiple industrial buildings totaling 26,672 SF on a 9.71-acre lot allowing EquipmentShare more space to store additional rental equipment and increase overall inventory. Moreover, the 5-mile trade area is supported by a population of more than 184,000 residents and 74,000 daytime employees with an average household income of $68,506.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Columbus History of Retail Space for Sale

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    Grove City Area Market Trends

    Listing Demographics for 1605 Thrailkill Road Grove City, OH 43123

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population4,14953,939175,951
    Population Median Age403837
    Population by Age0-9 Yrs394 (9%)7371 (13%)24319 (13%)
    10-19 Yrs410 (9%)6552 (12%)21372 (12%)
    20-29 Yrs615 (14%)7342 (13%)24453 (13%)
    30-39 Yrs654 (15%)7938 (14%)27153 (15%)
    40-49 Yrs651 (15%)6540 (12%)22014 (12%)
    50-59 Yrs636 (15%)7336 (13%)23563 (13%)
    60-69 Yrs409 (9%)5530 (10%)18726 (10%)
    70+ Yrs380 (9%)5331 (9%)14351 (8%)
    Median HH Income$78,404$62,332$55,544
    Total Household Income< 24K163 (11%)3487 (17%)15507 (22%)
    25-49K281 (19%)4122 (20%)14982 (22%)
    50-74K245 (16%)4272 (21%)13567 (20%)
    75-99K278 (19%)3211 (16%)9164 (13%)
    100-199K423 (29%)4092 (20%)12163 (18%)
    200K+64 (4%)514 (2%)2123 (3%)
    Highest Education LevelNo Diploma377524818590
    Diploma or GED9201370942904
    Some College664777924185
    Assoc. Degree20025118337
    Bachelors Degree608545818522
    Higher Degree27324628900
    Total Housing Units1,50920,82774,739
    --Owner-Occupied1,04712,99839,240
    --Renter-Occupied4086,70028,267
    Owner-Occupied Values< 100K65306813041
    100-199K544708717613
    200-299K30920285432
    300-399K935661734
    400-499K31160615
    500K+590805
    Total Working Age Population3,51342,524138,850
    In Work Force1,95826,48188,187
    Not In Work Force1,55516,04250,663
    Workforce Employed1,90225,34683,424
    Workforce Unemployed461,0944,700
    Civlian Workforce1,94826,44088,125
    Military Workforce104163
    Total Households1,45419,69867,507
    Family Households95913,31841,558
    Non-Family Households4956,38025,949
    Married Couple7478,96926,454
    Other Family2124,34915,105
    Married w/Child2693,2299,465
    Single Male w/Child506852,177
    Single Female w/Child611,7365,967

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Franklin County1,068,978+91,163,414+111,291,320+81,394,980

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1605 Thrailkill Road in Grove City?
    The asking price for 1605 Thrailkill Road is $3,900,000
    What is the building size of this Retail property in Grove City, OH?
    The size of the building/unit at 1605 Thrailkill Road in Grove City is 25,672 square feet
    How much land does the Grove City, OH property at 1605 Thrailkill Road include?
    1605 Thrailkill Road in Grove City includes 9.710 acres of land
    What is the population within 1 mile of 1605 Thrailkill Road in Grove City?
    The population within 1 mile of 1605 Thrailkill Road Grove City, OH 43123 is 4,149 people.
    Who do I contact for questions about 1605 Thrailkill Road?
    You should contact the listing agent, Matthew Mousavi, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Rickenbacker International Airport (LCK) 8
    John Glenn Columbus International Airport (CMH) 11
    James M Cox Dayton International Airport (DAY) 63