Category Archives: Columbus

New Columbus Ohio Retail Restaurant Listing

columbus clintonville triple net retail net leased

Class A building built in 2004. End cap, triple net retail / restaurant space of 1,441 RSF. 40 parking spaces.  Potential of patio on north side in addition to the existing one in the front of the building. Co tenants are Chase Bank and Peet’s Coffee. Located in the heart of gentrifying Clintonville, an inner…

Columbus Ranked 8th for Economic Growth

The U.S. Bureau of Economic Analysis ranked Columbus, Ohio eighth for economic growth according to new data that takes a fresh look at economic output generated by individual U.S. metro areas. Columbus came in at nearly double the national average of 1.7 percent with 3.2 percent GDP growth since 2012 “The metros where economic output…

Developers Of North Gate Centre Offer $19 million for new I-71 interchange

As many already know, there are two huge commercial real estate projects in the planning stages for the I-71 and Route 36/37 areas. First, is North Gate Centre, a collaboration between developers Pat Shivley and James Klingbeil, which would flank I-71 on both sides south of Route 36/37.  When built out it would be roughly…

Mixed Use Development Proposal for Clintonville Olympic Swim Club Site

multifamily apartments, net leased retail

No, it’s not a proposal for Columbus to host the 20xx Olympics, but it is a large 152 unit mixed use development with ground floor mixed use retail and possibly office with three floors of multiunit residential on top in Clintonville to be named the Olympic.  And finally something a little different in architecture for…

Proposed Ohio General Hospital at Polaris

According to Carrie Ghose with Columbus Business First, Adeptus Health of Dallas Texas is expanding into Central Ohio with a proposed three story 24 bed (expandable to 48) on a 5 .5 acre parcel.  The parcel at the corner of I-71 and Gemini Place in the Polaris Fashion Mall area  is currently owned by McGraw…

Polaris Area Restaurants Booming

There’s lots new cooking up around Polaris between new openings and under construction projects of polished casual and fast casual restaurants. Latest two to have opened are the Roosters at 1041 Gemini Place and  Matt the Miller’s Tavern at 1436 Gemini Place.   The polished casual bar and grill is not at now at four locations,…

Columbus – Byers Chevrolet Retail Property Sold to NRI

The announcement came yesterday that Nationwide Realty bought the eight acre Byers Chevrolet property on W Broad Street, just west of Downtown Columbus on the Scioto Peninsula . Byers plans to be open in Grove City by November 15th according to Byers VP, George Kauffman.  Byers Automotive employs around 120 employees. Redevelopment plans have not been…

Retail and Restaurant Tenant Credit Ratings

This one is for my triple net retail investors. Net leased retail buyers desiring leverage know that national credit retailers’ credit ratings with S&P and Moody’s are hugely important for getting a loan at decent rates and terms or even getting the loan at all. Investment grade credit is S&P BBB or above. Once in…

Dublin, Ohio Arthritis Foundation Charity Car Show

For the 32nd annual show there was a record turnout last weekend with around 1,400 cars present, including me of course.   The perfect weather with no rain and moderate temperatures surely helped. As I’ve written about here many times, Dublin, Ohio has some big plans ahead for the revitalization of Dublin Granville Road from Sawmill…

Ohio State University South Campus Gateway Expansion.

columbus commercial real estate for sale and lease

Ohio State University plans to start the rezoning process for the Campus Partners for Community Urban Redevelopment properties on 7 acres immediately south of the existing South Campus Gateway.  This will be mixed use including ground floor retail with office space and residential above. The rezoning process will begin next month and is expected to be…

Retail parcel zoned for retail/restaurant needed in southern Delaware County, Ohio

Triple net retail leased restaurant client needs 3/4 acre up to 2 acres for fast casual restaurant use on route 23 in southern Delaware County (Columbus north) from approximately Orange Road up to Sandusky Street.   Zoning needs to already be commercial/retail.  Out parcels in front of Menard’s or Kroger’s preferred.  Build to suit opportunity, fine….

Panera Opens Dedicated Facility for Catering on Bethel Road in Northwest Columbus

Panera has repurposed their old Columbus area offices on Bethel Road into a centralized catering facility employing 40.  Based in Warren, Covelli Enterprises’  Panera Bread franchisee has been a hugely successful Columbus area net leased fast casual restaurant with 23 area locations. The Columbus area Panera catering business has grown to 10% of their revenue…

Land zoned for Retail / Restaurant Use Needed in Marysville, Ohio

Local restaurant client needs 3/4 acre up to 2 acres for fast casual restaurant use off of one of the route 33 exits in Marysville, Delaware, Main or Maple.  Zoning needs to already be commercial/retail. Columbus area commercial broker / agent /principal with product that meets above requirement, call me, Scott Harris at 614-905-6614 or…

Columbus Ohio 2014 Festival Schedule

columbus commercial real estate

If there’s thing that we really do well in Columbus Ohio, it’s the festivals that run from spring to mid autumn. At the link, thanks to Columbus Underground and specifically Anne Evans, is a complete, well researched directory to all of the events. I’ll link directly to some of them, but for the full list,…

Net Lease Retail Cap Rate Compression for First Quarter 2014

Cap rates fell 40 basis points and net lease retail product quality also falls in the first quarter of 2014. We’re thinking retail right about now as the national ICSC Global Retail Real Estate Convention is just around the corner running through May 18-20 and over 30,000 net lease retail professionals converge on Las Vegas….

Another Cincinnati Restaurant Favorite to Open in Columbus

Columbus triple net retail

The Columbus net leased restaurant market is getting another out of town addition, and again it’s from Cincinnati. Brian Ellis, president of Nationwide Realty Investors Ltd announced that Cincinnati restaurateur, Nada is taking the 6,000 plus square foot space at the new Columbus Gas of Ohio building at 240 Nationwide Blvd. Nada will be the…

How about a grilled cheese and tomato soup?

tom & chee

Central Ohio newcomer Tom & Chee with what’s being called “the ultimate grilled cheese experience” is planning up to ten fast casual type restaurants in Central Ohio with two opening this year. Tom & Chee has received national attention for primarily one specialty: the grilled cheese donut. It’s cheddar cheese melted between a glazed donut….

Columbus Seeking Proposals to Redevelop Closed Municipal Light Plant Site

Columbus Municipal Light (Chris Russell/Dispatch Photo)

Columbus will take proposals through May 8th to redevelop the site of the Municipal Light Plant at 555 W Nationwide Blvd. , adjacent to the Arena District, and originally opened in 1904. The hopes are to restore and save the original power plant building and redevelop the 1.2 acres into multifamily housing or condos.  I imagine…

Construction Well Underway for the Worthington Road Extension

Westerville net leased retail

Work began a couple of months ago on the Worthington Road extension that will run from Polaris Parkway at the top of the photo south to County Line Road at the bottom of the photo. Design of the $6.3 million project began in 2012 with completion expected by November of this year. Utilities and sewer…

New Albany Panera is the 34th for Central Ohio

Warren Ohio based Covelli Enterprises has just opened their 34th Central Ohio Panera at 5547 New Albany Road in New Albany . It’s the second of seven planned Columbus area net leased restaurant openings for Central Ohio in 2014. The first this year was in the old Clarmont in German Village. The New Albany location…