OFFERING INTRODUCTION
Matthews Real Estate Investment ServicesTM, as exclusive broker, is pleased to offer the opportunity to acquire Broad Street Plaza East, a 55,946± SF neighborhood center, shadow-anchored by Target and Meijer and anchored by Ross Dress for Less, located within the heart of the E Broad St retail corridor within the Columbus, OH MSA.
TARGET & MEIJER SHADOWED, ROSS DRESS FOR LESS ANCHORED CENTER | 55,946 SF – 92% LEASED | ROSS DRESS FOR LESS, SKECHERS, AND PET SUPPLIES PLUS COMPRISE 65% OF RENTAL INCOME
Broad Street Plaza East is a 55,946 SF market dominant Target & Meijer shadow anchored center that features desirable national retailers such as Ross Dress For Less, Skechers, and Pet Supplies Plus, as well as a diverse mix of synergistic small shop tenants.
STRONG LEASING MOMENTUM | WEIGHTED AVG LEASE TERM (WALT) OF 6 YRS
Brand new 10-Year leases signed with Ross Dress for Less and Skechers since 2023, a new 7-Year lease with Sugar Rush for relocation and expansion in 2024 and most recently, a new 3-Year lease signed with Table Top Games along with a 3-year extension with CosmoProf in 2025.
IMMEDIATE OPPORTUNITY TO INCREASE CASH FLOW | 4,209 SF VACANCY – 1 UNIT
At 92% leased with a 4,209 SF vacancy, an investor is presented with the opportunity to immediately increase cash flow and add value via lease-up of this readily leasable second-generation unit.
RECENT INVESTMENT FROM TARGET TO REMODEL THIS CORPORATELY OWNED LOCATION
Target recently completed a full remodel of this corporately owned location highlighting their commitment to this store and the growing submarket.
IDEAL LOCATION IN HEART OF RETAIL CORRIDOR | MULTIPLE SIGNALIZED INTERSECTIONS
The Property is ideally located in the heart of the E Broad St (±26,200 VPD) retail corridor providing excellent visibility and accessibility with multiple signalized intersections.
DESIRABLE, DENSE DEMOGRAPHICS | PRIMELY POSITIONED IN THE COLUMBUS MSA | FASTEST GROWING MAJOR METRO IN THE MIDWEST
The 3-mile population is ±70,000, 5-mile population is nearly ±150,000 and 5-mile average household income is approximately $95,000.
LESS THAN 20 MINUTES FROM “SILICON HEARTLAND” – INTEL’S NEW $28B SEMICONDUCTOR MANUFACTURING CAMPUS
Intel is investing $28 billion to build two advanced semiconductor manufacturing plants in New Albany, Ohio, within the Ohio One. The project, known as the “Silicon Heartland,” is located in the New Albany International Business Park, on nearly 1,000 acres. The first plant is expected to be operational in 2030 or 2031, with the second following in 2032. Upon completion Intel14
MARKET OVERVIEW
SITS DIRECTLY ACROSS THE STREET FROM VICTORIA’S SECRET CORPORATE HQ
NEARBY MASSIVE INVESTMENTS FROM SEVERAL FORTUNE 100 COMPANIES
Reynoldsburg, OH
Reynoldsburg, located just east of Columbus, blends suburban comfort with metropolitan convenience. Known as the “Birthplace of the Tomato,” the city celebrates its agricultural roots while embracing steady growth across healthcare, retail, education, and logistics. Major employers such as Mount Carmel Health, L Brands, and Amazon contribute to a robust local economy and a stable job market. Residents enjoy a close-knit community atmosphere, a revitalized downtown, local parks like Blacklick Woods Metro Park, and easy access to downtown Columbus via I-70 and U.S. Route 40.
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License No. 2018002393 (OH)
License No. 2022007141 (OH)