Description
Single Tenant Net Leased - 18,220 SF - Showroom/Offices/Warehouse Facility - leased by America's Floor Source, one of the Nation's largest flooring companies with over $190M in 2022 revenue. New 5-year lease from date of closing with (2) 5-year renewal options - 6.55% Year-1 Cap Rate ($186,755 NOI) & 2% Annual Escalations. Strong ADT Count 15,372 (2022) - Great signage, access & visibility. Approx 8,405 SF (46%) warehouse / 9,815 SF showroom/offices (54%) - 2.07-acre site - 12'-18' clear height - 3 drive in doors (12' & 14') - Many improvements from 2012-2022 - 32 striped parking spaces. AFS Annual Revenue continues to increase year over year as follows $190M (2022); $172M (2021); $109.5M (2020); $105.5M (2019); $95M (2018). AFS was founded in 2000 & is headquartered in Columbus, Ohio.
Location
IDX information provided courtesy of the Columbus Board of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 30th September, 2023 9:40 AM (UTC)
Listing Agent: Douglas T Tenenbaum
Listing Office: Hanna Commercial, LLC
