Retail•Neighborhood Center•For Lease

The Commons at Clark Hall

73-109 North Hamilton Road, Gahanna, Ohio 43230

Lease Rate $Negotiable
Sale Type Investment
Zoning C-Commercial
Bldg Type Multi-Tenant
Status Existing
Year Built 2012
Stories 1
Cap Rate 7.50%
Annual Taxes $1,155,010.00
Gross Bldg 22,790 SqFt
Total Avail 22,792 SqFt
Avail 4,538 to 0 SqFt
Land Area 2.64 Acres
Net Op Inc $518,322.78
Market Northeast
The Commons of Clark Hall is a two building, multi-tenant retail center located along Hamilton Road, within the main retail corridor in Gahanna, Ohio. The center is currently 100% occupied, including national co-tenants AT&T, Panera Bread, Chipotle, Smashburger & Rusty Bucket Tavern. Additional retailers include Gieco Insurance, Menchie's Yougurt & Gahanna Vision Center. The property sits on a Ground Lease, owned by the local school district, which significantly reduces the property taxes for any new Buyer. There are 79 years remaining on the Ground Lease, which expires March 3rd, 2097. Center is adjacent to Columbus State Community College, Clark Hall Gahanna Lincoln High School, and Eastland Fairfield Career & Tech. Less than 3 miles away from the Gahanna Office Center place. Co-tenants include: Smashburger, Chipotle, Panera, Rusty Bucket, AT&T, and SuperCuts. Traffic counts: 52,500 VPD. None
  • 100% leased & occupied
  • Signalized entrance into the neighborhood center
  • Adjacent to Gahanna Lincoln high school, with a student enrollment around 2,300
  • Well maintained center with local property management in place
  • Hamilton Road | 52,000 + VPD
  • Cash-on-cash Return | 10.66%
  • 2,257 SF fully built-out end-cap restaurant with patio seating
  • 1,695 SF current fast-casual food concept. Available June 2020, possibly sooner.
  • Center is adjacent to Columbus State Community College, Clark Hall Gahanna Lincoln High School(+2,200 students enrolled), and Eastland Fairfield Career & Tech. Less than 3 miles away from the Gahanna Office Center place

8 Spaces

1,865 SqFt
6/1/2020
Strip Center
2,257 SqFt
End cap unit Fully built out restaurant available
3,640 SqFt
2,002 SqFt
2,257 SqFt
4,538 SqFt
1,695 SqFt
4,538 SqFt
11/19/2019 2:28:02 PM 4/28/2020 2:54:55 PM
Andrew White
Senior Associate
The Gilbert Group
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