Floor & Décor | Arhaus Furniture

3780 - 3785 Park Mill Run Drive - Hilliard OH 43026

LTV (Loan to Value)	65.00%	Current NOI	$946,446.00
Interest Rate	4.250%	Capital Rate	8.530%
Fixed Term	10 Years	Land Area	12.24 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$7,215,000.00	Property Type	Retail
Payment	$39,086.40	Property Lease	Home Furnishings
Bulding Size	118,161 SF	Remaining Terms	5.5 Years

Location Description

NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the two-tenant retail center located at 3780 - 3785 Park Mill Run Drive in Hilliard, Ohio (the “Property”). The Property is 100% leased by co-tenants, Floor & Décor and Arhaus Furniture, and is located within the heart of the Mill Run retail trade area. This destination trade area is a part of the Mill Run master planned community and is the home of numerous national credit retailers including Lowe’s, Target, The Home Depot, Kroger, Walmart, Sears, Macy’s, and JCPenney, among many others. The Property is adjacent to the Interstate-270 which sees traffic of approximately 121K VPD.

Highlights

High Residual Value Real Estate – The Property’s underlying real estate retains a high residual value given its location, trade…

Property Description

The City of Hilliard is located in Franklin County, Ohio. The population was 28,435 at the 2010 census with a census estimate of 30,564 in 2012. It is a large, affluent suburb of Columbus and is part of Norwich Township. Hilliard is located approximately 12 miles northwest of downtown Columbus and has a total area of 13.34 square miles. The Property is located in the heart of the retail trade area within the Mill Run mixed-use development. Mill Run is located in Hilliard and Northwest Columbus on Interstate-270 in the center of three vibrant communities (Hilliard, Dublin and Upper Arlington). Mill Run is comprised of 350 acres and includes residential, commercial and civic uses, among others.