Description
Single Tenant Net Leased - 18,220 SF - Showroom/Offices/Warehouse Facility - leased by America's Floor Source, one of the Nation's largest flooring companies with over $190M in 2022 revenue. New 5-year lease from date of closing with (2) 5-year renewal options - 6.55% Year-1 Cap Rate ($186,755 NOI) & 2% Annual Escalations. Strong ADT Count 15,372 (2022) - Great signage, access & visibility. Approx 8,405 SF (46%) warehouse / 9,815 SF showroom/offices (54%) - 2.07-acre site - 12'-18' clear height - 3 drive in doors (12' & 14') - Many improvements from 2012-2022 - 32 striped parking spaces. AFS Annual Revenue continues to increase year over year as follows $190M (2022); $172M (2021); $109.5M (2020); $105.5M (2019); $95M (2018). AFS was founded in 2000 & is headquartered in Columbus, Ohio.
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1.51ACRES
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01/2 BATHS
School Ratings & Info
Description
Single Tenant Net Leased - 18,220 SF - Showroom/Offices/Warehouse Facility - leased by America's Floor Source, one of the Nation's largest flooring companies with over $190M in 2022 revenue. New 5-year lease from date of closing with (2) 5-year renewal options - 6.55% Year-1 Cap Rate ($186,755 NOI) & 2% Annual Escalations. Strong ADT Count 15,372 (2022) - Great signage, access & visibility. Approx 8,405 SF (46%) warehouse / 9,815 SF showroom/offices (54%) - 2.07-acre site - 12'-18' clear height - 3 drive in doors (12' & 14') - Many improvements from 2012-2022 - 32 striped parking spaces. AFS Annual Revenue continues to increase year over year as follows $190M (2022); $172M (2021); $109.5M (2020); $105.5M (2019); $95M (2018). AFS was founded in 2000 & is headquartered in Columbus, Ohio.
© 2023 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or LifePoint Real Estate. Data last updated: 2023-10-01T07:51:54.707.