Walmart Shadow Center

Walmart Shadow Center

61275 Southgate Parkway
Cambridge, OH

Price: $5,855,000
Cap: 8.50%
NOI: $497,684
Building Size: 45,317 SF
Lot Size: 6.02 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
The Subject property is a 45,317 SF Walmart Supercenter Shadow Anchored Retail Center located in Cambridge, OH one hour east of Columbus, OH.

NATIONAL TENANTS WITH LONG HISTORY
The Center is leased to an attractive mix of National, Regional, and local tenants including Maurices, Kay Jewelers, Sally Beauty, GameStop and Shoe Dept.  All tenants reimburse full prorata Taxes, Insurance, and CAM. The ownership has kept rents competitive and as a result most tenants have been in occupancy for 10+ years and have renewed their leases multiple times.

STRATEGIC HIGH TRAFFIC LOCATION
The property is strategically located with multiple ingress egress points along Southgate Road (16,500 VPD). It is located in a busy retail corridor and is surrounded by other national Retailers Including: ALDI, Arbys, AT&T, Big Lots, Cracker Barrell, Tractor Supply, Dollar General, Buffalo Wild Wing, and more. The Business Center and Shadow Center are adjacent to the Cambridge Municipal Airport and the Cambridge Country Club.

COLUMBUS MSA
Cambridge is located in the foothills of the Appalachian Mountains in the Columbus MSA, one of the largest MSAs in the Midwestern United States. It is part of the Great Lakes Megalopolis, containing an estimated 54 million people and is one of the fastest growing metro areas outside the Sun Belt.  The city has the headquarters of five corporations in the U.S. Fortune 500: Nationwide Mutual Insurance Company, American Electric Power, L Brands, Big Lots, and Cardinal Health. Columbus is home to large institutions of higher education including Ohio State University. Three of the prestigious Five Colleges of Ohio are located in the metro, which include Ohio Wesleyan, Denison, and Kenyon College. The financial sector is dominated by JPMorgan Chase and Columbus-based insurance company Nationwide Insurance a close second. The manufacturing sector includes Honda, which operates their largest North American manufacturing complex in the Marysville area. The retail sector’s biggest employer is clothing company L Brands, an umbrella company for Victoria’s Secret, Pink (Victoria’s Secret), Bath & Body Works, La Senza, and Henri Bendel.

Zach Taylor
OFFERING MEMORANDUM

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