LensCrafters
For sale to qualified investors is the fee simple interest in a corporate lease with Luxottica of America, Inc., located in Columbus, Ohio. The recently-constructed 4,096 square foot building is the company’s newest prototype and opened in March, 2023. The lease features a corporate signature, 10-year firm term with 10% increases every 5 years, and is triple-net including roof and structure. The property is surrounded by other retail, office and distribution, and densely populated high-income neighborhoods. The market’s exceptional business and economic environment have led it to be one of the most sought-after areas in the Midwest. Recently, Intel announced their groundbreaking of a $20 billion state-of-the-art semiconductor plant generating over 3,000 full-time and 7,000 indirect jobs in the area. This is in addition to existing headquarters for Nationwide, Honda North America, L Brands (Victoria’s Secret, Bath & Body works, etc.), Huntington Bancshares, JP Morgan’s 20,000+ local employees, and The Ohio State University. Investment in this asset will offer the buyer a rare opportunity to own a hands-off lease in this high demand marketplace.