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Current Inventory

LensCrafters

5805 Frantz Road, Columbus, OH, 43016
  • Agent(s):
    Kyle Hartung
  • Name:
    LensCrafters
  • Address:
    5805 Frantz Road, Columbus, OH, 43016
  • Total SF:
    4,096
  • Lot Sizes:
    0.92 Acres
  • Option:
    For sale
  • Category:
    Investment Sales

» Full Offering Memorandum

Details

For sale to qualified investors is the fee simple interest in a corporate lease with Luxottica of America, Inc., located in Columbus, Ohio. Currently under construction, the 4,096 square foot building is the company’s newest prototype and will be delivered to Luxottica for operation of a Lenscrafters store during the 4th quarter of 2022. 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.

Location

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